We expect EURUSD to trend upwards for the next 48 hours. Based on these past Japan Unemployment Rate news events there is a 71.43% chance of this. We expect this to happen because the released value is < 2.6%. A price movement of 177 pips is expected. Historical events that allowed us to draw this conclusion
28 Mar 23:30 |
31 Jan 23:30 |
29 Nov 23:30 |
30 Sep 23:30 |
30 Aug 23:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
