FxWirePro: AUD/JPY breaks major resistance at 78.35, stay long

• AUD/JPY hits new weekly high of 78.98, intraday bias is higher.
   
• Commodity currencies remain supported by broadly weaker dollar and rising commodity prices.
   
• Markets remain nervous heading into the EU’s membership polls beginning 6 GMT onwards.
   
• AUD/JPY has edged lower after hitting highs of 78.98, has broken major trendline resistance at 78.35.
   
• Momentum studies are bullish, RSI and stochs are biased higher. We see a bullish MACD crossover on signal line.
   
• Our previous call (http://www.econotimes.com/FxWirePro-AUD-JPY-finds-major-resistance-at-7835-go-long-on-breakout-above-225008) has achieved TP1&2. 
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Recommendation: Book partial profits, raise stops to 78, hold for targets.