USD/JPY near key resistance, a drop is possible!

USDJPY near key resistance, a drop to 1st support is possible

Entry:110.012

Why it's good :61.8% Fibonacci extension, 23.6% Fibonacci retracement, horizontal swing high resistance

Stop Loss : 110.934

Why it's good :50% fibonacci retracement, horizontal overlap resistance

Take Profit : 109.047

Why it's good: 100% Fibonacci extension, horizontal swing low support