Based on the last 12 Michigan Consumer Sentiment Prel events in United States, we expect USDJPY to trend upwards right now. Based on these past events there is a 66.67% chance of this. We expect USDJPY to trend upwards for the next 2 hours because the released value is > 92. A price movement of 14 pips is expected.
Historical events that allowed us to draw this conclusion
13 Sep 14:00 |
17 May 14:00 |
15 Mar 14:00 |
15 Feb 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
