USDJPY approaching resistance, potential drop!

USDJPY is approaching our first resistance at 112.12 (horizontal swing high resistance, 76.4% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 111.35 (61.8% Fibonacci retracement).
Stochastic is also approaching resistance where we might see a corresponding drop in price.
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