USD/JPY has broken through resistance of a Channel Down. It has touched this line at least twice in the last 4 days.

USD/JPY has broken through the resistance line of a Channel Down. It has touched this line at least twice in the last 4 days. This breakout indicates a potential move to 105.7319 within the next 12 hours. Because we have seen it retrace from this positions in the past, one should wait for confirmation of the breakout before trading.