USDJPY in completion of cup and handle pattern

This Pair was moving with in a downtrend channel for quite a time now, and with recent price movement and ahead of Fed's meet USDJPY appears to be completing the Cup and Handle chart pattern, successful completion of this pattern will also will break the down trend channel and will push this pair at least towards 114 area with extended target of 118 which is also the formation point of down trend channel.