#USDJPY is reacting below pivot, potential for drop!

Price is reacting below our pivot level at 110.445, in-line with 78.6% Fibonacci retracement level,100% Fibonacci extension level and horizontal overlap resistance. Price could drop to support at 109.835, in-line with 38.2% Fibonacci retracement level, 61.8% Fibonacci extension level and trendline support. Stochastic is also at resistance level where previous drops occurred.
Alternatively, price may swing towards resistance at 110.805, in-line with 100% Fibonacci retracement level and 127.2% Fibonacci extension level.

Pivot:
110.445
78.6% Fibonacci retracement level,100% Fibonacci extension level and horizontal overlap resistance

1st Support:
109.835
38.2% Fibonacci retracement level, 61.8% Fibonacci extension level and trendline support

1st Resistance:
110.805
100% Fibonacci retracement level and 127.2% Fibonacci extension level

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