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Be very careful of upcoming volatility. We expect a $4.894 movement on DX.

Be very careful of upcoming volatility because of Japan Inflation Rate YoY news event later today. Based on the last 12 Inflation Rate YoY events in Japan, we expect a $4.894 movement on DX within 2 hours following the event release at 21 Nov 23:30. We expect this to happen if the released value is < 0.3%. A price movement of 5 pips is expected. Historical events that allowed us to draw this conclusion

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

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There is a 66.67% chance of USDJPY trending upwards

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GBP/USD Target Level: 1.2876

GBP/USD Target Level: 1.2876

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