Expected scenario: Positive trading still dominates the dollar-yen trades, in light of the current bullish price channel, and after price consolidation in the range of the last corrective wave, at the 106 levels, we expect the pair to bounce back from that area To retest the 108.70 and then target the 110.00, in the short-term, especially in light of the liquidity index at 30 levels, which represents strong selling saturation.
Alternative scenario: If the pair fails to consolidate above the 106 levels, we will witness a negative change in the general bullish trend, with more declines and targeting the 104.50 then the 103rd, although the downside scenario is the least likely. At the moment, especially when the price touches the highest moving averages (100 - 200).
