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There is a 80% chance of USDJPY trending upwards

Based on past Switzerland Consumer Confidence news events there is a 80% chance of USDJPY trending upwards. We expect this to happen because the released value is < -10. A price movement of 18 pips is expected. Historical events that allowed us to draw this conclusion

03 May 05:45
02 Aug 05:45
02 May 05:45
02 Nov 06:45

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

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We expect CL to trend upwards for the next 48 hours.

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ETHUSD is quickly approaching 183.1300. We expect either a breakout through this line, or a rebound.

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