FxWirePro: AUD/JPY finds stiff resistance at 78.14, good to long break above

• AUD/JPY extends gains above 55-EMA at 77.95, intraday bias higher.
   
• Aussie remains buoyed by upbeat Capex plans, while JPY under pressure on rising JGB yields.
   
• Major support levels - 77.63 (5-DMA), 77.35 (23.6% Fib), 77.29 (20-DMA).
   
• Major resistance levels - 78, 78.79 (50% Fib), 78.91 (100-DMA), 79, 79.15 (July 28 high).
   
• Our previous call (http://www.econotimes.com/FxWirePro-AUD-JPY-momentum-turns-bullish-go-long-for-7765-269880) has achieved all targets.
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Recommendation: Good to go long on breakout above 78.15, SL: 77.60, TP: 78.60/ 79