USDJPY approaching resistance, potential drop!

USDJPY is approaching our first resistance at 110.89 (horizontal overlap resistance, 100% extension, 50% Fibonacci retracement ) where a strong drop might occur below this level pushing price down to our major support at 110.30 (50% Fibonacci retracement , horizontal overlap support).
Stochastic (34,5,3) is also approaching resistance where we might see a corresponding drop in price.