The Japanese yen is located bellow the weekly pivot and above the Moving Average of 200 periods (blue). Therefore, taking into account the pivot points, we can conclude the following. Now the weekly pivot level 79.74 is the nearest resistance for the yen. Above the expected weekly pivot upward movement to the level of resistance of the third week 81.43 is observed. On the other hand, if the pair declines bellow 200 EMA is likely to continue its move until the fall of the nearest support to the weekly pivot 78.58.
79.74 and 78.09 are weekly and monthly pivot points for this week for JPY/USD.

Signals for October 29 - November 03, 2012

      
Buy  Long above 200 EMA with take profit at 80.27 and 80.90 stop loss bellow (W_S1).

Sell Short if it closes bellow 200 EMA with take profit at 79.11 and 78.58.

____WEEKLY_____
Weekly - R3 = 81.43
Weekly - R2 = 80.90
Weekly - R1 = 80.27
Weekly Pivot = 79.74
Weekly - S1 = 79.11
Weekly - S2 = 78.58
Weekly - S3 = 77.95

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____MONTHLY____
Monthly - R3 = 81.14
Monthly - R2 = 80.18
Monthly - R1 = 79.05
Monthly Pivot = 78.09
Monthly - S1 = 76.96
Monthly - S2 = 76.00
Monthly - S3 = 74.87