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  • AUD/JPY is trading in fresh 3-month highs as the risk-on mood in Wall Street remains intact.
  • The level to beat for bulls is the 72.80 resistance.
 

AUD/JPY four-hour chart

 
AUD/JPY is pressuring the 72.80 resistance while making higher highs and lows as the positive mood in Wall Street stays intact. The quote is starting the month of June with a positive note. Looking up, the next resistance can be seen near the 73.40 and 74.00 price levels. On the flip side, a turn lower below the 72.00 figure could be seen as bearish in the medium-term with supports possibly emerging near the 71.75 and 71.10 levels.  
 

Additional key levels