USDJPY approaching resistance, potential drop!

USDJPY is approaching our first resistance at 111.87 (horizontal swing high resistance, 61.8% Fibonacci extension, 78.6% Fibonacci retracement) where a strong drop might occur below this level to our major support at 111.43 (horizontal pullback support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement).
Stochastic (34,5,3) is also approaching resistance where we might see a corresponding drop in price.
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