Home AUD/JPY Price Analysis: Aussie parked above the 70.00 figure vs. Japanese yen, bullish

AUD/JPY Price Analysis: Aussie parked above the 70.00 figure vs. Japanese yen, bullish

Updated: 25 May. 2020 | 17:02

AUD/JPY is trading close to 2.5-month highs as the new trading week kicks off.
The level to beat for bulls is the 71.00 figure.

AUD/JPY four-hour chart

AUD/JPY is trading off 2.5-month highs at the start of the trading week. The market rebounded above the 70.00 support level while above its main SMAs. Buyers will be looking for a break above the 71.00 level en route towards 71.50 and 72.50. On the other hand, support is seen near the 70.00 and 69.00 levels.

Additional key levels

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