USDJPY Approaching Resistance, Potential Reversal

USDJPY is approaching its resistance at 112.828 (61.80% & 100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse down to its support at 112.419 (50% Fibonacci retracement, horizontal pullback support). Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal could occur.

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