Sell any breakout as and when it occurs - this is not my ideal setup but one I would like to get into IF it occurs before our other, more idealistic setups which I am going to mention now:
My ideal setup consists of either getting in short at the red or, preferably, at the higher at sell zone 2. The latter of the 2 will give us more confidence that price wont continue up any further allowing for tighter stops and better RR = more profitability.
We will be expecting a breakout of this downtrend in the future (we have a lot of divergence on the daily to suggest this is the case) just like on other JPY pairs however we will not be looking for this long set up yet.
As usual, take trades only after confirmation & good luck!