USDJPY is approaching a familiar area in history. December 2005 the pair rejected 121.380, again in February, 2007 it rejected 122.180 lastly in June 2007 the pair turned over after topping out at 124.130. From June 2007 the pair was in a short trend until October 2011 where we found the bottom of the market at 75.376 (4,876 Pip crash).