This is USD/JPY's alternate scenario 1. Which is a huge IH&S parallel neckline was broken at 105.89. If Weekly closing level will be above 105.89, IH&S target will be at 128.96 because of its vertical width is 2307 pips.
I will show you another alternate bullish scenario later.
I believe left shoulder took place during october 2010, the head during october 2011 and the right shoulder in sep/oct 2012. The neckline goes from the swing high in April 2011 to the swing high in march 2012. When that line is broken in december 2012 the pair rallied non-stop for one straight year and more.