AUD/JPY Price Analysis: Aussie trading in 12-week highs vs. Japanese yen

 

 

AUD/JPY is printing higher highs and higher lows as the bullish momentum remains intact. The spot is challenging the 71.75 level as the sentiment on Wall Street remains upbeat. Looking up, the next resistance can be located near the 72.50/88 price zone. On the other hand, a sustained break below the 71.10 level could yield further selling in the medium-term with supports seen near the 70.15 and 69.60 levels.