12 pip movement on USDJPY expected

Based on the last 12 New Home Sales events in United States, we expect a 12 pip movement on USDJPY for the next 12 ore. We expect USDJPY to trend downwards for 12 hours because the released value is > 0.575M

Historical events that allowed us to draw this conclusion

26 Sep 15:00
25 Jun 15:00
24 Apr 15:00
23 Mar 14:00
22 Dec 15:00

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

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