Home AUD/JPY Asia Price Forecast: Aussie hits 2.5-month highs vs. Japanese yen
FXStreet News

AUD/JPY Asia Price Forecast: Aussie hits 2.5-month highs vs. Japanese yen

FX Street
Updated:
  • AUD/JPY is rising sharply, trading at its highest since early March.
  • The level to beat for bulls is the 0.7100 figure.
 

AUD/JPY four-hour chart

 
AUD/JPY is trading up sharply in 2.5-month highs on the second day of the trading week. The market is challenging the 71.00 figure in fresh May’s highs. A break above this level can lead to extra gains towards the 71.50 and the 72.50 price levels. Conversly, support can be expected near 70.00 and 69.0 levels on any pullback down. 
  

Additional key levels

 

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision.  The information on this website is general in nature, so you must consider the information in light of your objectives, financial situation and needs. Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. Crypto promotions on this site do not comply with the UK Financial Promotions Regime and is not intended for UK consumers. This website is free for you to use but we may receive a commission from the companies we feature on this site.

© forexcrunch.com All Rights Reserved 2017 – 2024