USD/JPY Monthly V-Pattern

This isn't a trade idea yet but it could very likely become one. I'm looking at this V pattern on the monthly timeframe of USDJPY and it is quite interesting. I had been seeing a lot of V patterns on many different pairs but never knew how to trade them. I looked them up and everything says that they are bullish patterns.

So I look at this one and see not only consolidation, but also what seems to be a demand zone between the 886 and the 100 on the fibonacci. Furthermore, I also see a bullish pennant which confirms that price will go up with the V pattern.

I'm leaning on going with the BUY on this one because of the potential and I may even put in a small lot size right now while it is at the bottom of the channel that it is in. It could go either way but I feel strongly about a BUY.

What do you all think?