📊 Technical Analysis — February 6, 2026
Bottom line first:
“Broad-based yen weakness continues. Cross-yen pairs are in a full trend mode.
Dollar majors lack direction or remain in correction.
Gold is firm.
BTC stands out with ‘daily-chart-level weakness in a different league.’”
💴 USD/JPY (Clearly the Main Driver)
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From 5-minute charts to daily: all signal strong buy
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Indicators and moving averages are fully aligned
👉 The 157 area reflects a pure yen-selling trend.
While intervention risk exists, technicals show no signs of braking whatsoever.
🔥 Cross-Yen (Strongest Zone)
| Pair | Status |
|---|---|
| EUR/JPY | 🟢🟢🟢🟢 |
| GBP/JPY | 🟢🟢🟢🟢 |
| AUD/JPY | 🟢🟢🟢🟢 |
| CAD/JPY | 🟢🟢🟢🟢 |
| CHF/JPY | 🟢🟢🟢🟢 |
| NZD/JPY | 🟢🟢🟢🟢 |
👉 All cross-yen pairs are simultaneously in “strong buy” territory
= Yen selling is the core theme of the market.
💱 Dollar Majors (Drifting / Indecisive)
EUR/USD (1.1792)
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Short-term to hourly: mixed sell / neutral signals
-
Daily: neutral
👉 Downside pressure is easing, but no decisive reversal signal yet
GBP/USD
-
Short-term strength, daily still neutral
👉 Lower priority, with cross-yen trades taking precedence
AUD/USD
-
Strong buy across all timeframes
👉 An exceptional outperformer among dollar majors
🥇 Gold — XAU/USD (4,884)
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Short-term to hourly: 🟢 Strong buy
-
Daily: neutral
👉 Recent declines have been rejected, with price turning higher again
This reflects a rare coexistence of risk aversion and dollar strength.
🧊 BTC/USD (66,383)
-
Short term: residual buying interest
-
Daily: strong sell firmly entrenched
👉 The pattern of “short-term bounce → rejection on higher timeframes” continues
Currently the only asset experiencing clear capital outflows.
🎯 Current Priority Ranking
🟢 Top Priority (Trend-Following)
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AUD/JPY
-
CAD/JPY
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CHF/JPY
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NZD/JPY
-
EUR/JPY / GBP/JPY
🟡 Secondary
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AUD/USD
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XAU/USD (buy on dips)
⚠ Watch & Wait
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EUR/USD
-
GBP/USD
🔴 Sell-on-Rallies / Avoid
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USD/NZD
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USD/CAD
-
BTC/USD
🧠 One-Sentence Summary
“This market is moving on the yen, not the dollar.
When in doubt, trade cross-yen.
The asset losing its place as a destination for capital is BTC.”
If conditions remain unchanged, cross-yen pairs will continue to be the main battlefield.
