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AUD/JPY bullish break, Eyes 200-DMA

OANDA:AUDJPY   Australian Dollar / Japanese Yen
Bullish break from flag pattern (break above 79.00 handle) suggests continuation of the rally from September low of 75.97 and open doors for a test of 200-DMA level of 80.24.

Also note, the 200-DMA is not sloping downwards anymore and thus there is potential for a bullish break above the same.

On the lower side, only a daily close below 78.00 (also 100-DMA) would signal bullish invalidation.
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