We expect a $532 movement on USDJPY within the next 4 hours. We expect USDJPY to trend upwards 4 hours following the ZEW Economic Sentiment Index events in Germany release because the released value is > 20. A price movement of 81 pips is expected.
Historical events that allowed us to draw this conclusion
17 Dec 10:00 |
14 May 09:00 |
16 Apr 09:00 |
19 Mar 10:00 |
13 Feb 10:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
