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We expect USDJPY to trend upwards right now.

Based on the last 12 ZEW Economic Sentiment Index events in Germany, we expect USDJPY to trend upwards right now. Based on these past events there is a 85.71% chance of this. This may happen because the released value is < 10 Historical events that allowed us to draw this conclusion

15 Feb 10:00
07 Sep 09:00
10 Aug 09:00
06 Jul 09:00
08 Jun 09:00
13 Apr 09:00

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

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A final push possible on BCHCAD as it starts approaching a price line of 362.3700.

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After testing 1.3051 numerous times, GBP/USD is once again approaching this price point. Can we expect a bullish trend to follow?

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