19 pip movement on USDJPY expected

Based on the last 12 Existing Home Sales events in United States, we expect a 19 pip movement on USDJPY within 4 hours following the event release at 21 Nov 15:00 GMT. We expect USDJPY to trend upwards 4 hours following the event release at 21 Nov 15:00 GMT if the released value is > 5.2M

Historical events that allowed us to draw this conclusion

23 Apr 15:00
20 Dec 15:00
21 Nov 15:00

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

Fai trading ora