- AUD / JPY rose sharply at the start of the new trading week.
- The level to beat for the bulls is the figure of 0.7000.
AUD / JPY four-hour chart
AUD / JPY rose sharply at the start of the new trading week, as the market challenged the figure of 70.00 near current highs in May. A break above this level can lead to further gains towards the 71.00 and 71.80 price levels. On the other hand, support can be expected near levels 69.50 and 69.0 on any downward retracement.