We see possible scenarios here. The market direction may have changed already but we have to wait for a confirmation. This will be buy a retest on the previous support followed by a decline.
OR
It might be a false break out due to some fundamental news. In this case, wait for a retracement back into the trend then buy, putting SL and TP at reasonable points.
Chart PatternsCHFJPYmarket_forecastTrend Analysisyiga1

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