FxWirePro: AUD/JPY breaks into daily cloud, on track to test 100-DMA at 78.10

• The Japanese yen was volatile after BoJ rate decision, witnessed wild swings.
   
• AUD/JPY popped post-BoJ rate decision, fell to hit lows of 76.36 and there after spike to session highs of 77.47.
   
• The pair has broken into daily cloud which was capping upside in the pair for the past few sessions.
   
• Price action has cleared 20-DMA resistance at 77.34, scope for test of 100-DMA at 78.10.
   
• Technical indicators on daily charts are slightly bullish, Stochs and RSI are biased higher.
   
• Major resistance levels - 77.75 (50-DMA), 78, 78.10 (100-DMA, 78.36 (cloud top)
   
• Major support levels - 77.0 (cloud base), 76.66 (Sept 20 lows), 76.38 (Double bottom - Sept 14 &19), 75.95 (trendline)
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Recommendation: Good to go long on break above 20-DMA at 77.35, SL: 76.67, TP: 77.75/ 78/ 78.10