FxWirePro: AUD/JPY faces stiff resistance at 78.57 (100-DMA), sell rallies, target 76.75

• AUD/JPY slips below 38.2% Fib at 78.14, intraday bias lower.
   
• The pair finds stiff resistance by 100-DMA 78.57, any upside only on break above.
   
• Techs are bearish, we see scope for test of trendline support at 76.75.
   
• Major support levels - 77.99 (10-DMA), 77.57 (Sept 7 low), 77.35 (23.6% Fib), 76.75 (trendline).
   
• Major resistance levels - 78.24 (5-DMA), 78.57 (100-DMA), 78.79 (50% Fib).
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Recommendation: Good to sell rallies around 78.25, SL: 78.80, TP: 77.60/ 77.35/ 77