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Monday, February 3, 2014

USD/JPY - Look for acceleration lower soon.

USD/JPY

Time for an acceleration lower. I will be looking for a decline towards 100.22 to take place any time now.

Short term we should be looking for resistance at 102.00 likely holding for a break below support at 101.70 confirming continuation lower towards 100.22 as the next downside target.

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