We expect S to trend downwards later today. Based on these past Japan Consumer Confidence news events there is a 83.33% chance of this. We expect this to happen if the released value is > 38.3. A price movement of 800 pips is expected.
Historical events that allowed us to draw this conclusion
31 Jan 05:00 |
05 Jan 05:00 |
10 Apr 05:00 |
31 Jan 05:00 |
05 Jan 05:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
