AUD/JPY Price Analysis: Aussie trading in 12-week highs vs. Japanese yen

AUD/JPY is trading in 12-week highs as the risk-on mood in Wall Street stays intact.
The level to beat for buyers is the 71.75 resistance.

Flavio Tosti Independent Analyst

AUD/JPY four-hour chart

AUD/JPY is printing higher highs and higher lows as the bullish momentum remains intact. The spot is challenging the 71.75 level as the sentiment on Wall Street remains upbeat. Looking up, the next resistance can be located near the 72.50/88 price zone. On the other hand, a sustained break below the 71.10 level could yield further selling in the medium-term with supports seen near the 70.15 and 69.60 levels.

Additional key levels

AUD/JPY

Overview
Today last price	71.58
Today Daily Change	0.26
Today Daily Change %	0.36
Today daily open	71.32

Trends
Daily SMA20	69.71
Daily SMA50	68.24
Daily SMA100	70.32
Daily SMA200	72.14

Levels
Previous Daily High	71.93
Previous Daily Low	70.82
Previous Weekly High	71.08
Previous Weekly Low	68.65
Previous Monthly High	70.17
Previous Monthly Low	64.4
Daily Fibonacci 38.2%	71.24
Daily Fibonacci 61.8%	71.5
Daily Pivot Point S1	70.78
Daily Pivot Point S2	70.24
Daily Pivot Point S3	69.67
Daily Pivot Point R1	71.9
Daily Pivot Point R2	72.47
Daily Pivot Point R3	73.01

Author

Flavio Tosti

Independent Analyst

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