FxWirePro: AUD/JPY struggles at 20-DMA, break above to target 78

• AUD/JPY retakes the 77.00 handle amid recovering risk-on after and strong Chinese consumer sentiment data.
   
• The pair still remains capped by 20-DMA currently at 77.25, break above can see further upside.
   
• Major support levels - 76.85 (7-DMA), 76.81 (Sept 23 low), 76 (trendline)
   
• Major resistance levels - 77.25 (20-DMA), 77.43 (50-DMA), 77.95 (100-DMA)
   
• Break above 20-DMA at 77.25 likely to target 100-DMA at 77.95 levels. 
   
• On the flipside, weakness to resume only on break below major trendline support at 76.15.
  ​

Recommendation: Good to go long on breakout above 77.30, SL: 76.80, TP: 77.95/ 78.60