The Pivot Point (PPV) is used as support and resistance at the same time; it is the first level that we observe. For this week the pivot points (weekly and monthly) for USD/JPY are: 78.46 weekly; 78.64 monthly.
The Japanese yen is located near the weekly pivot and bellow the Moving Average of 200 periods (blue). Therefore, taking into account the pivot points, we can conclude the following.
The level of 78.46 (Pivot) is the weekly pivot, the past few weeks the pair was trading below this level, therefore, this level is very strong resistance, only a close above it will increase the likelihood of acceleration to the resistance level of 79.40.

Signal For 03 - 07 September, 2012

Buy long at 78.46, take profit at  78.75 and 79.11, Stop Loss is bellow weekly Pivot of 78.48.

____WEEKLY_____
Weekly - R3 = 79.40
Weekly - R2 = 79.11
Weekly - R1 = 78.75
Weekly Pivot = 78.46
Weekly - S1 = 78.10
Weekly - S2 = 77.81
Weekly - S3 = 77.45

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____MONTHLY____
Monthly - R3 = 81.14
Monthly - R2 = 80.39
Monthly - R1 = 79.39
Monthly Pivot = 78.64
Monthly - S1 = 77.64
Monthly - S2 = 76.89
Monthly - S3 = 75.89