AUD/JPY - long break above 110-EMA, tgt 80.35
Antipodeans buoyed on positive Chinese data and signs of progress in Sino-U.S. trade talks.
Good to go long on break above 110-EMA, SL: 78.60, TP: 80/ 80.35/ 81
Support levels - 78.75 (cloud top), 78.65 (nearly converged 20 and 5 DMAs), 77.91 (Mar 28 lows)
Resistance levels - 79.40 (110-EMA), 80.34 (200-DMA), 81.04 (78.6% Fib)
Good to go long on break above 110-EMA, SL: 78.60, TP: 80/ 80.35/ 81
Support levels - 78.75 (cloud top), 78.65 (nearly converged 20 and 5 DMAs), 77.91 (Mar 28 lows)
Resistance levels - 79.40 (110-EMA), 80.34 (200-DMA), 81.04 (78.6% Fib)