Expected scenario: The dollar-yen pair witnessed a positive change in the general direction, after the dollar rose to the 106 levels, bouncing from the 101, as traders crowned the sale of the Japanese yen, which played the role of safe haven during the few weeks In the past, and after the increased risk appetite, the dollar-yen pair is expected to continue to rise, reaching the 107 levels and then the 108.50 levels, in the short term.
Alternative scenario: If the pair fails to breach the 105.90 resistance, which is represented in the bidding areas, we will witness a return to the declines once more, and with the price breaching the moving average 100, the downward scenario is unlikely in For the time being, the outlook remains positive for the pair's trades in the short term.
Expected general trend: bullish
Expected traffic range: 104.40 to 107
