- AUD/JPY was rejected at major trendline resistance on Friday.
- Pair holds gains above 20-DMA at 77.17, which is now strong support on the downside.
- Technicals on daily charts support further gains, break above 77.95 could see test of 110 EMA at 78.61.
- Major support levels - 77.36 (50-DMA), 77.17 (20-DMA), 77, 76.96 (10-DMA)
- Major resistance levels - 77.95 (trendline), 78.17 (Sept 30 high), 78.60 (Sept 8 high)
Recommendation: Good to long break above 77.95, SL: 77.35, TP: 78.20/ 78.60/ 79
