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  • AUD/JPY rose sharply at the start of the new trading week. 
  • The level to beat for bulls is the 0.7000 figure.
 

AUD/JPY four-hour chart

 
AUD/JPY turned sharply higher at the start of the new trading week as the market is challenging the 70.00 figure near the current May’s highs. A break above this level can lead to further gains towards the 71.00 and the 71.80 price levels. On the flip side, support can be expected near 69.50 and 69.0 levels on any retracement down. 
  

Additional key levels