USD/JPY approaching resistance, potential drop!

USDJPY approaching 1st resistance at 108.1 where a reversal could occur.

Entry :108.10

Why it's good : horizontal swing high resistance, 61.8% Fibonacci extension, 50% & 76.4% Fibonacci retracement

Take Profit : 107.80

Why it's good : 38.2% Fibonacci retracement, horizontal overlap support