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EURJPY approaching resistance, potential drop!

Short
Euro / Japanese Yen (OANDA:EURJPY)  
easyMarkets Broker  
OANDA:EURJPY   Euro / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns EURJPY EUR jpy eurjpylong eurjpyshort Forex forextrading forexsignals
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trendanalysis harmonicpatterns chartpattern eurjpy eur jpy eurjpylong eurjpyshort forex forextrading forexsignals
EURJPY is approaching our first resistance at 131.45 (horizontal overlap resistance, 76.4%, 50% Fibonacci retracement, 100% Fibonacci extension) where a strong reaction might occur below this level pushing price down to our major support at 129.35 (horizontal pullback support, 61.8% Fibonacci extension, 50% Fibonacci retracement).
Stochastic (89,5,3) is also seeing a bearish divergence and is approaching resistance where we might see a corresponding drop in price should it react off this level.
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