03.02.2014 - Yen will soon finish its consolidation

USD/JPY chart shows that the price of the pair is clamped between inclined resistance line and the bottom of the local downstream channel. Securing of price below $ 102.00 will be a signal to sell. First goal will be at the level of support 101.60. With continued fall the price may reach 101.40. In case of resumption of growth, the price may reach the upper boundary of the channel.

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