FxWirePro: AUD/JPY hovers around 100-DMA at 84.55, close above to see further upside

• AUD/JPY is extending spike after stellar Australia jobs data yesterday and unchanged BoJ.
   
• Comments by BOJ Governor Kuroda, reassuring unwillingness to start discussing exit strategy before reaching the 2.0% target, was seen weighing heavily on the Japanese Yen.
   
• Bulls in AUD/JPY take out 38.2% Fib at 84.04 after breaking consolidation around 50-DMA.
   
• Technical studies are biased higher, RSI point north and remains well above 50 levels.
   
• Next target for bulls is 85.62 (61.8% Fib of 88.17 to 81.486 fall). Bullish invalidation only below 200-DMA at 83.20.

Support levels - 84.04 (38.2% Fib of 88.17 to 81.486 fall), 83.55 (5-DMA), 83.06 (23.6% Fib)

Resistance levels - 84.83 (50% Fib), 85, 85.62 (61.8% Fib)

Call update: Our previous call (http://www.econotimes.com/FxWirePro-AUD-JPY-breaks-major-resistance-at-8315-good-to-go-long-on-dips-757560) has hit all targets.

Recommendation: Book partial profits at highs, raise trailing stops to 84.00, hold for 84.85/ 85/ 85.60

FxWirePro Currency Strength Index: FxWirePro's Hourly AUD Spot Index was at 111.476 (Bullish), while Hourly JPY Spot Index was at -82.5761 (Bearish) at 1015 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.