AUD/JPY Price Analysis: Aussie surging to its highest since late February vs. Japanese yen

AUD/JPY is trading in 12-week highs as the bullish sentiment in Wall Street is gaining steam.
The level to beat for bulls is the 71.75 resistance.

Flavio Tosti Independent Analyst

AUD/JPY four-hour chart

AUD/JPY is trading off 3-month highs in the first half of the trading week. The market broke sharply above the 71.00 figure. As the upward momentum stays intact the market will be looking for a continuation above the 71.75 resistance and 72.50/88. On the other hand, support is seen near the 71.10 and 70.15 levels initially.

Additional key levels

AUD/JPY

Overview
Today last price	71.58
Today Daily Change	1.08
Today Daily Change %	1.53
Today daily open	70.5

Trends
Daily SMA20	69.53
Daily SMA50	67.92
Daily SMA100	70.38
Daily SMA200	72.15

Levels
Previous Daily High	70.58
Previous Daily Low	70.2
Previous Weekly High	71.08
Previous Weekly Low	68.65
Previous Monthly High	70.17
Previous Monthly Low	64.4
Daily Fibonacci 38.2%	70.44
Daily Fibonacci 61.8%	70.35
Daily Pivot Point S1	70.28
Daily Pivot Point S2	70.05
Daily Pivot Point S3	69.9
Daily Pivot Point R1	70.66
Daily Pivot Point R2	70.81
Daily Pivot Point R3	71.04

Author

Flavio Tosti

Independent Analyst

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