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Saturday, February 1, 2014

USD/JPY - Look for downside acceleration soon as wave three develops.

USD/JPY

I will be looking for an acceleration towards the downside soon, all that's needed is a break below support at 101.82 to confirm the next powerful decline towards 100.20. At no point should we see a break above minor resistance at 102.39 as that would call for a more complex correction taking place and a recount of the short term picture.

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