Based on the last 12 Balance of Trade events in Japan, we expect GBPUSD to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect GBPUSD to trend downwards 2 hours following the event release at 20 Jul 23:50 if the released value is < ¥460B. A price movement of 46 pips is expected. Historical events that allowed us to draw this conclusion

15 Jun 23:50

16 Mar 23:50

15 Dec 23:50

19 Jul 23:50