USDJPY approaching resistance, potential drop!

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USDJPY is approaching our first resistance at 112.82 Horizontal overlap resistance, 100% fibonacci extension, 38.2% fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 112.11 (Horizontal swing low support, 100% fibonacci extension, 61.8% fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
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