While the dollar is weakening against the euro and pound, it is rising against the yen. However, the current setup presents a favorable scenario for a potential decline. The price has moved above the 61.8% level on the Fibonacci retracement but remains below the critical level represented by the high of the anticipated wave C, leaving room for a reversal and the development of the expected decline.

If this scenario unfolds, the current rise will become corrective wave 2, and the price will head downward toward this year’s lows. The potential movement in this case is highly attractive, but it remains unclear whether the yen can gather enough momentum to execute this plan.

The situation is favorable for sell trades, as the potential profit significantly outweighs the possible loss.

Recommendations: Sell 153.80, SL 154.10, TP 148.60.