USD/JPY 3 Dec 2012 - 1HR Chart

Open long positions at the current price region - 82.20 - 82.30. the target is the price region 85.50. Then sell at that level - 82.50 - with the first target at 82.20. Stop Loss for the long position should be at 81.88.

Preferred Strategy - A less risky strategy would be to wait until for the price to reach 82.50 then sell.

If you opened long positions then SL was hit @ 81.88 (~ 60 - 50 pips loss)
If you followed the less risky sell recommendation, then TP was hit @ 82.20 (30 pips profit)