CADJPY approaching resistance, potential drop!

CADJPY is approaching our first resistance at 89.45 (horizontal swing high resistance, 78.6% Fibonacci retracement, ascending channel resistance, 100% Fibonacci extension) and a strong drop might occur below this level, pushing price down to our major support at 86.45 (horizontal overlap support, 50% Fibonacci retracement, 100% Fibonacci extension).
Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
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