USDJPY approaching strong resistance, watch for the reaction!

USDJPY is approaching strong resistance at 110.61 (Fibonacci extension, horizontal pullback resistance, Fibonacci retracement, Elliott wave structure) and a strong reaction could occur at that level push price all the way down to major support at 109.38 (Fibonacci retracement).
Stochastic (55,5,3) is seeing major resistance below 97% where a corresponding reaction could occur.

Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.