We expect USDJPY to trend downwards for the next 4 hours. Based on these past United States Michigan Consumer Sentiment Prel news events there is a 66.67% chance of this. We expect this to happen because the released value is < 61.4. A price movement of 50 pips is expected. Historical events that allowed us to draw this conclusion
11 Feb 15:00 |
15 Oct 14:00 |
17 Sep 14:00 |
13 Aug 14:00 |
16 Jul 14:00 |
16 Apr 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
