AUD/JPY Price Analysis: Aussie finally breaks above the 71.75 resistance

AUD/JPY is trading in 12-week highs as the risk-on sentiment in Wall Street remains buoyant.
AUD/JPY ends the month of May by finally breaking above the 71.75 resistance.

Flavio Tosti Independent Analyst

AUD/JPY four-hour chart

AUD/JPY is printing higher highs and lows as the positive sentiment in Wall Street remains intact. The quote finally broke above the 71.75 level as the month of May comes to an end. Looking up, the next resistance can be seen near the 72.50/88 price zone. On the other hand, a turn lower below the 71.10 level could be seen as bearish in the medium-term with supports lined up near 70.15 and 69.60 levels.

Additional key levels

AUD/JPY

Overview
Today last price	71.88
Today Daily Change	0.44
Today Daily Change %	0.62
Today daily open	71.44

Trends
Daily SMA20	69.79
Daily SMA50	68.39
Daily SMA100	70.28
Daily SMA200	72.14

Levels
Previous Daily High	71.78
Previous Daily Low	71.02
Previous Weekly High	71.08
Previous Weekly Low	68.65
Previous Monthly High	70.17
Previous Monthly Low	64.4
Daily Fibonacci 38.2%	71.49
Daily Fibonacci 61.8%	71.31
Daily Pivot Point S1	71.05
Daily Pivot Point S2	70.65
Daily Pivot Point S3	70.28
Daily Pivot Point R1	71.81
Daily Pivot Point R2	72.18
Daily Pivot Point R3	72.57

Author

Flavio Tosti

Independent Analyst

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