EUR/JPY reversed off key resistance, a drop is possible!

EURJPY reversed off key resistance, a drop to first support is possible

Entry: 120.89

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

Stop Loss : 120.56

Why it's good :100% Fibonacci extension,76.4% Fibonacci retracement

Take Profit : 121.58

Why it's good: 23.6% Fibonacci retracement, horizontal pullback resistance