AUD/JPY Price Analysis: Aussie breaks to fresh 3-month highs vs. Japanese yen

 

 

AUD/JPY is pressuring the 72.80 resistance while making higher highs and lows as the positive mood in Wall Street stays intact. The quote is starting the month of June with a positive note. Looking up, the next resistance can be seen near the 73.40 and 74.00 price levels. On the flip side, a turn lower below the 72.00 figure could be seen as bearish in the medium-term with supports possibly emerging near the 71.75 and 71.10 levels.