FX:USDJPY U.S. Dollar/Japanese Yen
This pattern is not that often met on the charts, but it gives pretty nice signals. An Inverted Head and Shoulders on the rising trend means that there is a high probability for the trend to continue. A break above the pattern's neckline could trigger another rally for the US dollar , targeting the 105.40 high or why not even go further to the full target at 106.81 (1.95% gain)
I usually use as another TA indicator the RSI, but in this case doesn't help. I believe that this pattern it is strong. The dollar it is gaining on all the markets as we could see in the past trading days plus tomorrow BOJ will have its monetary policy. They still have to get to 2% inflation and might help the yen to go even lower.
I saw it, and mentioned it in my last analysis. It hit 50% of the target and price got back above its neckline (if it's the same pattern you are talking about). I would rather take into consideration the possibility of forming a symmetrical triangle, if another bounce will take place from here.