United Kingdom GfK Consumer Confidence News Event – a possible $259.35 opportunity on USDJPY

We could see a $259.35 movement on USDJPY within the next 2 hours. USDJPY could trend downwards 2 hours following the GfK Consumer Confidence events in United Kingdom release because the released value is < -40. We may experience a price movement of 35 pips. Historical events that allowed us to draw this conclusion

22 Apr 12:10
25 Mar 11:01
25 Feb 11:01
21 Jan 11:01
22 Oct 10:01
20 Aug 09:01

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