We expect OJ to trend downwards for the next 48 hours. Based on these past United States Non Farm Payrolls news events there is a 87.5% chance of this. We expect this to happen because the released value is > 250K. A price movement of 1115 pips is expected.
Historical events that allowed us to draw this conclusion
02 Sep 12:30 |
05 Aug 12:30 |
08 Jul 12:30 |
03 Jun 12:30 |
06 May 12:30 |
04 Mar 13:30 |
04 Feb 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
