Based on the last 12 GDP Growth Rate QoQ 2nd Est events in United States, we expect a 2 pip movement on USDJPY for the next 4 hours. We expect USDJPY to trend downwards for 4 hours because the released value is = 2%
Historical events that allowed us to draw this conclusion
30 May 12:30 |
28 Nov 13:30 |
28 Feb 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
