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We expect a 37 pip movement on USDJPY for the next 4 hours.

We expect a $268 movement on USDJPY within the next 4 hours. We expect USDJPY to trend downwards 4 hours following the ZEW Economic Sentiment Index events in Germany release because the released value is < -38.3. A price movement of 37 pips is expected. Historical events that allowed us to draw this conclusion

14 Jun 09:00
15 Feb 10:00
12 Oct 09:00
07 Sep 09:00
10 Aug 09:00

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

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There is a 71.43% chance of GC trending downwards

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