I'd say this is a high probably trade, because you can clearly see the structure here even on a high timeframe. This pattern is very common, and it's called inverted head and shoulders pattern. It made a break, and is now back down for the retest. I see this as a good chance of continuation up. Good luck traders!
Chart PatternsForexhead_and_shoulderTechnical IndicatorsjpyLONGNZDNZDJPYpatternpriceactiontradingTrend Analysis

Disclaimer