FX.co ★ Forecast for USD/JPY pair on May 3, 2019

USD / JPY pair

On Thursday, the USD/JPY pair is managed to stay above the balance line of the daily chart. The line is the red line signal and the MACD line (blue) on the H4 chart. If you're not in the first place, you should see a 112.58. If you're on the road to the USA, it's our goal. On Thursday, the USD/JPY pair is managed to stay above the balance line of the daily chart. The line is the red line signal and the MACD line (blue) on the H4 chart. If you're not in the first place, you should see a 112.58. If we do not fail with the expected moderately strong economic data for the USA (for labor and PMI), our main scenario can be realized.

For the development of the downward movement of the price, you need to gain a foothold below the MACD line on the daily scale at 111.07. Then, the goal could be to support the price channel of 110.48. If everything goes well with the expected moderately strong economic data for the USA (for labor and PMI), our main scenario can be realized.