FxWirePro: Upside momentum builds for AUD/JPY, long breakout above 20-DMA at 77.29

• AUD/JPY spikes above 77.00 handle as Aussie regains strength amid recovering risk sentiment and strong Chinese industrial profits data.
   
• The pair remains capped by 20-DMA at 77.29, break above can see further upside.
   
• Yen suddenly losing strength in Asian session on suspected BoJ intervention, supporting upside in AUD/JPY.
   
• Major support levels - 76.85 (5-DMA), 76.81 (Sept 23 low), 76.75(10-DMA), 76 (trendline)
   
• Major resistance levels - 77.29 (20-DMA), 77.50 (50-DMA), 77.98 (100-DMA)
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Recommendation: Good to go long on breakout above 77.30, SL: 76.80, TP: 78/ 78.60