AUD/JPY struggles at channel top, buy breakout, target 83
AUD/JPY is extending bounce from channel base and is currently struggling at channel top resistance.
Techs are biased higher, scope for test of 200-DMA at 83.39 on breakout above 80.10.
50-DMA at 78.45 is strong support on the downside. Below 78.45 next strong support lies at 77.58 (Feb 11 low).
Good to go long on breakout above 80.10, SL: 78.45, TP: 81.58/82/83/83.35
Techs are biased higher, scope for test of 200-DMA at 83.39 on breakout above 80.10.
50-DMA at 78.45 is strong support on the downside. Below 78.45 next strong support lies at 77.58 (Feb 11 low).
Good to go long on breakout above 80.10, SL: 78.45, TP: 81.58/82/83/83.35