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We expect USDJPY to trend upwards today with a 75% chance.

We expect USDJPY to trend upwards later today. Based on these past Australia GDP Growth Rate QoQ news events there is a 75% chance of this. We expect this to happen if the released value is > 0.5%. A price movement of 29 pips is expected.

Historical events that allowed us to draw this conclusion

06 Jun 01:30
07 Jun 01:30
01 Mar 00:30

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

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After testing 0.6809 numerous times, AUD/USD is once again approaching this price point. Can we expect a bullish trend to follow?

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We expect NZDUSD to trend upwards today with a 75% chance.

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