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  • 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