AUD/JPY technical analysis: Rises to test prior key resistance level


AUD/JPY has risen to the to a resistance, obeying the trendline support since recovering from the 18th June swings lows located down at 73.93. Bulls have reached a high of 76.07 with 76.28/30 on the radar as a prior high and resistance. 76.80 comes thereafter with a full retracement to the 50% Fibo of the mid-April highs to aforementioned recent lows at 77.40 as a major hurdle that meets a series of support levels. A 50% retracement of the recent range brings 75 the figure into play. 


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