The hourly AUD/JPY chart is telling me that the 67.30 level is once again the line in the sand and a continued hold above this level should see a retest of the highs. Since USD/JPY is looking like heading through 100.00 sometime soon i think we could pop up into a 70.00/75.00 range for the AUD/JPY for the coming week or two. If USD/JPY can consolidate above the 99.00 level which is also the 200 DMA then i we could see 104.00 on this next move higher.
The story today is buy AUD/JPY at 67.90 and 67.60 with stops on longs left below 67.00 and i would be buying the break of 69.60 with a stop back below 69.00 on that one.
