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USDJPY approaching resistance, potential drop!

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns USD jpy usdjpylong usdjpyshort
USDJPY is approaching our resistance at 112.14 (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 111.38 (61.8% Fibonacci retracement ).
Stochastic is also approaching resistance and seeing a bearish divergence where we might see a corresponding drop in price.
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