MONTHLY Chart: USDJPY: Cup & Handle

WAVE COUNT
In my MONTHLY wave count, I see that large up move from the low from Feb/2012 as a complete 5-wave move which I have labeled as a wave (A). You aren't able to see it from the lack of data available here but I am counting this as a wave (A) of a 3 wave correction of the previous impulse wave down.

PATTERNS

There is a POSSIBLE Cup & Handle pattern with the handle yet to be formed. This C&H pattern is a little vertical but can still be considered a valid C&H. It isn't a V reversal, IMO. The handle of a C&H pattern usually will go to at least the .382 retrace of the previous move.