FxWirePro: AUD/JPY momentum turns bullish, go long for 77.65

• AUD/JPY trades with a bullish bias.
   
• The pair has broken major trendline resistance on Monday.
   
• We have seen a break above 20-DMA on the day.
   
• Stochs have rolled over from oversold territory. RSI is biased north.
   
• MACD shows a bullish crossover on signal line and CCI has edged above zero.
   
• We see weakness on break below 76.80 (trendline resistance turned support).
   
• Upside scope till 50-DMA at 77.64, break above could see test of 78 levels.
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Recommendation: Good to go long on dips around 77.25, SL: 76.80, TP: 77.65, 78/ 78.18