Based on the last 12 Balance of Trade events in Japan, we expect GBPUSD to trend downwards. Based on these past events there is a 66.67% chance of this. We expect GBPUSD to trend downwards for 2 hours because the released value is > ¥202.3B. A price movement of 15 pips is expected.

Historical events that allowed us to draw this conclusion

18 Apr 23:50

16 Feb 23:50

17 Nov 23:50

18 Aug 23:50