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Daily Market Analysis 22.05.2023: AUDJPY

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Instrument: AUDJPY

Technical Analysis

Bullish Preference: 
buy position is envisaged if the price trades above 91.512 with take profit at 91.629.
Bearish Preference: 
sell position is envisaged if the price trades below  91.350 with take profit at 91.233.
Fundamentals:
None with High Impact

Comment:
AUD/JPY takes offers to refresh the intraday low near 91.20 while marking a nearly 50 pips quick fall on the downbeat Aussie jobs report for April on early Thursday. Also weighing on the cross-currency pair are the market’s downbeat yield and cautious mood.

Analysis: SCRUM Team

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