USDJPY approaching resistance, potential drop!

USDJPY is approaching our first resistance at 108.40 (horizontal pullback resistance, 38.2% fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 106.62 (horizontal swing low support, 50% Fibonacci retracement).
Stochastic (21,5,3) is also approaching resistance where we might see a corresponding drop in price.
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