49 pip movement on USDCHF expected

Based on the last 12 Tankan Large Manufacturers Index events in Japan, we expect USDCHF to trend upwards later today. Based on these past events there is a 83.33% chance of this. This may happen if the released value is < 3 Historical events that allowed us to draw this conclusion

03 Oct 10:50
01 Jul 09:50
13 Dec 10:50
01 Jul 09:50
01 Jul 09:50

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