During the last two weeks, the Australian Dollar has risen by 3.77% against the Japanese Yen. The AUD/JPY currency pair breached the 50– and 200– period SMAs last week.
All things being equal, the exchange rate could continue to trend bullish during the following trading sessions. A potential breakout through the resistance level at 81.62 could occur this week.
However, if the resistance at 81.62 holds, the currency exchange rate would make a pullback towards the weekly pivot point at 79.53 during the coming week.
