Based on the last 12 Unemployment Rate events in Australia, we expect a 10 pip movement on USDJPY for the next 2 hours. We expect USDJPY to trend downwards for 2 hours because the released value is > 5%
Historical events that allowed us to draw this conclusion
17 May 02:30 |
22 Mar 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
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