EURJPY approaching resistance, potential drop!

EURJPY is approaching our first resistance at 128.51 (50% fibonacci retracement, 100% fiboancci retracement, horizontal overlap resistance) where a strong drop might occur below this level pushing price up to our major support at 127.64 (Horizontal overlap support, 61.8% fibonacci extension, 50% fibonacci retracement).
Stochastic (34,5,3) is approaching resistance and we might see a corresponding drop in price.

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