USDJPY approaching resistance, big potential drop!

Price is approaching our first resistance (horizontal overlap resistance, 50% Fibonacci extension, 61.8% Fibonacci retracement) where we might see a drop in price to our major support (50% Fibonacci retracement).
Stochastic is approaching resistance as well.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.


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