FxWirePro: AUD/JPY holds 50-DMA support at 82.41, good to go long on dips

• Aussie is extending last week's recovery, AUD/JPY breaks above 50-DMA resistance at 82.41.
   
• The pair is trading 0.33% higher on the day at 82.75 at the time of writing.
   
• Technical indicators support upside in the pair. RSI shows strength above 50 and Stochs are sharply higher.
   
• Focus on employment data and the Reserve Bank of Australia meeting minutes for further impetus.
   
• Next bull target lies at 38.2% Fib at 83.78. While on the downside, 50-DMA is strong support at 82.41.

Support levels - 82.41 (50-DMA), 82.15 (5-DMA), 82

Resistance levels - 83, 83.78 (38.2% Fib), 84, 84.44 (100-DMA)

Recommendation: Good to go long on dips around 82.70, SL: 82.15, TP: 82.90/ 83.75/ 84

FxWirePro Currency Strength Index: FxWirePro's Hourly AUD Spot Index was at 120.752 (Bullish), while Hourly JPY Spot Index was at -97.9398 (Bearish) at 1200 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex. 

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