21 pip movement on AUDUSD expected

Based on the last 12 Consumer Confidence events in Japan, we expect a 21 pip movement on AUDUSD within 2 hours following the event release at 31 Jan 05:00 UTC. We expect AUDUSD to trend upwards 2 hours following the event release at 31 Jan 05:00 UTC if the released value is < 39.5 Historical events that allowed us to draw this conclusion

05 Jan 05:00
02 Dec 05:00
31 Aug 05:00
29 Jan 05:00