Based on the last 12 Consumer Confidence events in Japan, we expect GBPUSD to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect GBPUSD to trend upwards 4 hours following the event release at 01 Jul 15:00 if the released value is > 30. A price movement of 42 pips is expected.

Historical events that allowed us to draw this conclusion

08 Jan 16:00

31 Oct 16:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).