On the AUDJPY daily chart, we can see that the instrument is breaking above the 79 level and is extending it’s upside reversal higher. Strong support is 78.700 level and this upside reversal extension could lead to a test of the 81 level. Now only a daily close below the 78.700 will invalidate the upside move.
Note: look for the long trade entries with the stop loss below 79 level.
