We expect PL to trend downwards later today. Based on these past Japan Consumer Confidence news events there is a 71.43% chance of this. We expect this to happen if the released value is > 37.6. A price movement of 1980 pips is expected.
Historical events that allowed us to draw this conclusion
05 Jan 05:00 |
01 May 05:00 |
31 Aug 05:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
