Here we have Smart Money concept in play. first we had the distribution phase on the top prior to the markdown (sell-off).
After the selloff the price had been taking liquidity on the demand zone (bottom side).
the market shows a wyckoff accumulation (you can google Wyckoff schematic if not familiar with it), and based on that, the real smart MONEY MOVE is about...
CHFJPY created a new support after breaking above the previous resistance zone. I am expecting a bullish continuation after price pushes up and successfully retests on the Ascending Triangle formation.
