FxWirePro: AUD/JPY extends range trade, weakness likely on break below 100-DMA

• AUD/JPY upside capped at 79 handle, pair is extending range trade since Oct 4th.
   
• 100-DMA is major support on the downside, break below to see further weakness.
   
• Technical indicators are mildly bearish, Stochs and RSI have turned south, while MACD is on the verge of a bearish crossover on signal line.
   
• Major support levels - 77.82 (100-DMA), 77.60 (20-DMA), 77.46 (50-DMA), 77, 76.85 (trendline)
   
• Major resistance levels - 78.35 (5-DMA), 79, 79.13 (Sept 6 high)
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Recommendation: Good to short break below 77.80, SL: 78.35, TP: 77.50/ 76.85