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AUD/JPY Price Analysis: Aussie breaks to fresh 2020 highs vs. Japanese yen

  • AUD/JPY is trading near levels not seen since early January 2020.
  • The level to beat for buyers is the 76.55 resistance.

AUD/JPY four-hour chart

AUD/JPY bullish tone remains intact as the market is trading in fresh 2020 highs. As buyers stay firmly in control the spot will be looking for extra upside on a break beyond the 76.55 resistance en route towards the 77.30 and 78.20 price levels. On the other hand, support can emerge near the 74.27, 73.72 and 72.67 price levels. 

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