200-DMA caps upside in AUD/JPY, break above to target 81.50

FX:AUDJPY   Australian Dollar / Japanese Yen
129 0 5
AUD/JPY             fails to hold gains above 200-DMA             , edges lower from session highs at 80.31.

Momentum studies are bullish , break above likely to test 81.50 levels.

On the flipside, break below 20-DMA at 79 could see drag upto 77.45 (rising trendline )

Major support levels - 79.45 (5-DMA), 79(20-DMA), 78.72 (Oct 21 low)

Major resistance levels - 80.12 ( 200-DMA             ), 80.79 (June 1 high), 81, 81.50 ( trendline )

Good to go long on breakout above 200-DMA             at 80.12, SL: 79.40, TP: 80.75/81/81.50
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