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FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path 
- EUR/JPY has been trading a falling channel since Aug, trend in the pair is definitely lower.
- For a short term trading perspective however, the pair could see some upside on close above 5-DMA.
- We notice the pair has bounced-off strong trendline support on Jan 7th trade supported with high volumes (buyers emerging at lows).
- Upside in the pair has been capped by 5-DMA at 128.07, breaks above could see gains upto 129.08, daily Stochs are on the verge of a bullish crossover from oversold levels.
- Immediate support is seen at 127.45 (Jan 12 lows), while resistance is located at 128.46 (Jan 11 highs)
Recommendation: Go long on close above 5-DMA at 128.07, SL: 127.45, TP: 129.0
