AUDJPY TECHNICAL ANALYSIS SHORT TERM VIEW
It is running in positive trend and it is running in wave 3 so it can jump towards 98.65 levels non stop .Important support 93.22 to 94.91 level as shown in graph.Stop loss is 93 and it can fly upside towards minimum target 98.65 levels.Presently it is running in support area so buying is better with stop loss 91.85 expecting upside rally above 98.65 levels.Intraday trade can be taken with same stop loss expecting upside direction.
QUICK FUNDAMENTAL LOOK
Japanese workers’ wages rose 2.5% in May Vs 1.2% expected, and 1.0% in April, reflecting the major labour unions' wage negotiations this spring that resulted in the biggest increase in pay increase in decades.
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.