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- AUD/JPY has broken major trendline resistance at 76.60, intraday bias higher.
- The pair is trading around 76.70 levels after edging above 4H 50 MA at 76.68.
- Break above 4H 50 MA at 76.68 could see upside till 77.25 (4H 100 MA).
- Hurdles on the upside seen at 76.80 (4H cloud base), 77 (falling trendline & daily cloud base) and 77.25 (4H 100 MA).
- Supports on the downside are seen at 76.51 (4H 20 MA), 76.06 (Aug 19 low) and further below at 75.55 (July 6 low).
Recommendation: Go long on dips around 76.60, SL: 76.20, TP: 77/ 77.25
