Based on the last 12 Consumer Confidence events in Japan, we expect a 33 pip movement on EURUSD for the next 2 hours. We expect EURUSD to trend upwards for 2 hours because the released value is > 37

Historical events that allowed us to draw this conclusion

30 Jun 15:00	08 Apr 15:00
04 Mar 16:00	02 Oct 15:00
31 Aug 15:00	31 Jul 15:00

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