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USDJPY – a possible trend downwards with a 66.67% chance.

Based on the last 12 Consumer Confidence events in Japan, USDJPY could experience an downwards trend. Based on these past events there is a 66.67% chance of this, and the trend could last 4 hours because the released value is < 33. Historical events that allowed us to draw this conclusion

31 Jan 05:00
05 Jan 05:00
02 Dec 05:00
31 Aug 05:00

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

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