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  • AUD/JPY is trading in 12-week highs as the bullish sentiment in Wall Street is gaining steam.
  • The level to beat for bulls is the 71.75 resistance.

AUD/JPY four-hour chart

AUD/JPY is trading off 3-month highs in the first half of the trading week. The market broke sharply above the 71.00 figure. As the upward momentum stays intact the market will be looking for a continuation above the 71.75 resistance and 72.50/88. On the other hand, support is seen near the 71.10 and 70.15 levels initially. 

Additional key levels