FxWirePro: GBP/AUD bears maintain upper hand 
FxWirePro: USD/CNY edges higher but bulls lack punch 
JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks 
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25% 
FxWirePro: EUR/NZD downside pressure builds, key support level in focus 
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption 
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level 
FxWirePro: USD/CAD edges lower but bullish outlook persists 
AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118 
NZDJPY Bullish Dip-Buy Setup: 93.60 Support Unlocks Path to 97 
FxWirePro: USD/ZAR surges as rand slumps after SARB rate hold surprise 
FxWirePro- Major Crypto levels and bias summary 
EUR/USD Slides After ECB Hold, Bearish Technicals Favor Rally Fades 
Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish 
FxWirePro- Woodies pivot (Major) 
Chart - Courtesy Trading View
USD/JPY was trading 0.07% lower on the day at 134.96 at around 04:30 GMT, bias neutral.
The pair is extending range trade for the third consecutive session, hovers above daily cloud.
Traders preferring to remain on the sidelines ahead of the key US Consumer Price Index (CPI) due later on Wednesday.
Risk-off escalates ahead of US Inflation data, volatility likely to continue into the release.
US CPI is expected to ease to 8.7% from 9.1% on YoY, as well as the CPI ex Food & Energy which is likely to rise from 5.9% to 6.1%.
Technical indicators support upside in the pair, stochs and RSI are biased higher, MACD is on verge of bullish crossover on signal line.
Major Support Levels:
S1: 134.56 (5-DMA)
S2: 133.83 (55-EMA)
Major Resistance Levels:
R1: 135.05 (21-EMA)
R2: 135.71 (20-DMA)
Summary: USD/JPY trades with a neutral bias with a slight bullish tilt. Major weakness only below daily cloud. Decisive break above 21-EMA will see more upside.
