USDJPY reversed off key resistance, could possibly drop

USDJPY is testing our first resistance at 110.043 (61.8% Fibonacci extension,23.6% Fibonacci retracement, horizontal swing high resistance) where it could potentially drop to its support at 109.047(horizontal swing low support, 100% Fibonacci extension).
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.