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

We expect RTY to trend upwards later today. Based on these past Japan Consumer Confidence news events there is a 75% chance of this. We expect this to happen if the released value is > 22.3. A price movement of 1,825 pips is expected.

Historical events that allowed us to draw this conclusion

08 Jan 05:00
29 Nov 05:00
09 May 05:00

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

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