AUDJPY Analysis: Price at a good entry level

Price has been on the rise and following an ascending channel.
It just reversed from a strong resistance level and currently at the support line of the channel.
It is still currently at a horizontal support level.
I am not sure of the next move but I see two possibilities:

Scenario 1:
Price may continue to follow the channel and bounce off upwards to test the resistance again.
In this case we need to wait and confirm reversal to go long.

Scenario 2:
Price may break the support and continue downwards.
In this case we to wait and confirm a breakout in order to go short.

I would appreciate much to get your opinions on the pair in the comment section. If you agree with the analysis kindly hit the like button to show agreement.