Short-Term Trend: uptrendOutlook:
The suggested long strategy in our last update has worked extremely well. USD/JPY initially traded near 93.12 Fibonacci pivot level but then rallied strongly at the end of last week. Now, the daily chart remains bullish and overbought. Ideally we will see further gains this week twd the 98.90 Fibonacci level.On the downside, a move below 93.75 will indicate that at least a temp. top is in place, below 92.90 this view will be confirmed.
Strategy: Holding long from 93.40 is favored. Stop=93.70. Target=98.40.
Photo: http://trendrecognition.com/
USD/JPY Weekly Outlook
Copyright TrendRecognition All rights reserved.








![Introducing Skywhale: Canberra, Australia’s Controversial $300K Centenary Balloon [PHOTOS] Introducing Skywhale: Canberra, Australia’s Controversial $300K Centenary Balloon [PHOTOS]](http://s1.ibtimes.com/sites/www.ibtimes.com/files/styles/v2_medium/public/2013/05/14/skywhale.jpeg)
![Meet Ahmed Angel: The Greatest Internet Superstar. Ever. [PHOTOS] Meet Ahmed Angel: The Greatest Internet Superstar. Ever. [PHOTOS]](http://s1.ibtimes.com/sites/www.ibtimes.com/files/styles/v2_medium/public/2013/05/14/ahmed-angel.jpg)


![Airbus Shows Off The First A350 XWB, The Boeing 787's Rival [PHOTOS] Airbus Shows Off The First A350 XWB, The Boeing 787's Rival [PHOTOS]](http://s1.ibtimes.com/sites/www.ibtimes.com/files/styles/v2_multimedia/public/2013/05/13/a350.jpg)

![Lisalla Montenegro: Meet Angels Pitcher C.J. Wilson’s New Supermodel Fiancé [PHOTOS] Lisalla Montenegro: Meet Angels Pitcher C.J. Wilson’s New Supermodel Fiancé [PHOTOS]](http://s1.ibtimes.com/sites/www.ibtimes.com/files/styles/v2_medium/public/2013/05/10/lisalla-montenegro_3.jpg)















Like or Follow us for updates on the biggest stories!