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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. 
 

Additional key levels

 

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