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Aussie Ascent: AUDJPY Charges Toward 112 as Bullish Momentum Hits Five-Day High 
- AUD/JPY has been trading a falling channel on the weekly charts. Technicals indicators support downside.
- Major support around 76.50 zone has been breached, test of 77.60 level likely.
- Further weakness could see test of channel base at 75 levels.
- On the flipside, 82 is major resistance. Bearish invalidation only above 82.
- We had advised a short for the pair (http://www.econotimes.com/FxWirePro-AUD-JPY-major-support-at-7960-weakness-only-on-breaks-below-204528).
Recommendation: Hold for target.
