FxWirePro: GBP/AUD downside pressure builds, key support level in focus 
FxWirePro: USD/CAD gaining momentum for a move towards 1.4200 level 
FxWirePro: EUR/NZD up trend gains momentum but hurdles ahead 
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: GBP/NZD gains some ground but bias is still bearish 
JPY Action Bias: Bullish Pairs to Watch Out For 
FxWirePro: USD/CNY dips as yuan firms on improving risk appetite 
FxWirePro: GBP/AUD under pressure as pound continues to weaken 
NZDJPY Action Bias: Bullish Dip-Buying Opportunity on Broad Yen Weakness 
FxWirePro- Woodies pivot (Major) 
AUDJPY Action Bias: Bullish Dip-Buy Setup Despite Flat Neutral Bias 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro- Woodies pivot (Major) 
FxWirePro: GBP/USD downtrend loses steam but outlook still bearish 
Chart - Courtesy Trading View
USD/JPY was trading 0.26% higher on the day at 115.04 at around 09:50 GMT.
The pair has paused downside at 55-EMA and daily cloud support, weakness only on break below.
Soaring oil prices over a potential ban on Russian crude supplies, stoke inflation shock in the global economy.
The International Monetary Fund (IMF) warned in a weekend report that Russia-Ukraine conflict escalation would cause 'devastating' economic damage.
Key central banks will now have to balance tightening monetary policy to curb inflation without impacting economic growth and risky assets.
Technical bias for the pair is neutral. Indicators are inconclusive and fail to provide a clear directional bias.
Bearish RSI divergence on the weekly charts keeps scope for weakness. MACD and ADX support weakness.
Break below daily cloud will see dip till major trendline support at 114.15. Next major support lies at 113.97 (110-EMA).
