We expect a $1239 movement on OJ within the next 48 hours. We expect OJ to trend downwards 48 hours following the Non Farm Payrolls events in United States release because the released value is > 268K. A price movement of 759 pips is expected.
Historical events that allowed us to draw this conclusion
03 Jun 12:30 |
06 May 12:30 |
04 Mar 13:30 |
04 Feb 13:30 |
06 Aug 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
