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USDJPY approaching resistance, potential drop!

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Dollar A.S. / Yen Jepang (FX:USDJPY)  
easyMarkets Broker  
FX:USDJPY   Dollar A.S. / Yen Jepang
Trend Analysis Harmonic Patterns Chart Patterns USDJPY USD jpy usdjpylong usdjpyshort Forex forextrading forexsignals
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trendanalysis harmonicpatterns chartpattern usdjpy usd jpy usdjpylong usdjpyshort forex forextrading forexsignals
USDJPY is approaching our first resistance at 109.75 (horizontal pullback resistance, 50% Fibonacci retracement , 100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 107.87 (38.2% Fibonacci retracement, horizontal swing low support).
Stochastic (55,5,3) is also approaching resistance and we might see a corresponding drop in price.
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