EURJPY approaching resistance, watch for potential drop!

Price is approaching our first resistance at 127.70 (horizontal overlap resistance, 23.6%, 38.2% Fibonacci retracement, 100% Fibonacci extension) and a strong reaction might occur below this level, pushing price down to our major support at 126.26 (horizontal overlap support, 100% Fibonacci extension76.5% Fibonacci retracement).
RSI (21) is also seeing facing bearish pressure from our resistance line and is approaching our resistance where a reaction off this level might see a corresponding drop in price.
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