USDJPY approaching resistance, potential drop!

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USDJPY is approaching our first resistance at 111.42 (horizontal overlap resistance, 50%, 61.8% Fibonacci retracement) and price might drop to our major support at 108.12 (horizontal swing low support, 100% Fibonacci extension).
Stochastic (89,5,3) is also approaching our resistance where we might see a corresponding drop in price.
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