USDJPY is testing 102.58 previous low support. As long as this support holds, we’d expect up trend to resume and rise to retest 1.0544 resistance is possible. A break of 102.58 level will indicate that the up trend from 95.77 (Mar 17 low) has completed and down trend resumes, pullback to 1.0000 area could then be seen.
http://blog.forexcycle.com/769/forex...s-may-22-2008/