The Japanese yen is located above the weekly pivot (80.12) and above the Moving Average of 200 periods (blue). Therefore, taking into account the pivot points, we can conclude the following.
Above the 200 day moving average periods, the pair has bullish outlook. It is likely that it returns to this level, which is above the weekly support 79.58 (W_S1). On the other hand, if the pair declines bellow 200 EMA it is likely to continue its move until the second weekly support of 78.72. We place our stop loss under the EMA 200.

80.12 and 79.30 are weekly and monthly pivot points for this week for JPY/USD.

Signals for November 05 - 10, 2012

Buy Long if it rebounds around 200 EMA with take profit at 80.98 and 81.52, stop loss bellow (W_S1).

Buy above weekly pivot of 80.12 with take profit at 80.98 and 81.52, stop loss bellow (W_S1). 

____WEEKLY_____
Weekly - R3 = 82.38
Weekly - R2 = 81.52
Weekly - R1 = 80.98
Weekly Pivot = 80.12
Weekly - S1 = 79.58
Weekly - S2 = 78.72
Weekly - S3 = 78.18

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____MONTHLY____
Monthly - R3 = 83.42
Monthly - R2 = 81.89
Monthly - R1 = 80.83
Monthly Pivot = 79.30
Monthly - S1 = 78.24
Monthly - S2 = 76.71
Monthly - S3 = 75.65