📊 Technical Analysis — February 9, 2026

📊 Technical Analysis — February 9, 2026

Bottom line first:

“Broad-based yen weakness continues. Cross-yen pairs are in a full trend phase.
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)

From 5-minute charts through daily: all signal strong buy
Indicators and moving averages are fully aligned

👉 The 157 zone reflects a pure yen-selling trend.
Despite intervention vigilance, technicals show no braking signals at all.

🔥 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 (Somewhat Indecisive)

EUR/USD (1.1792)

Short-term to hourly: mixed sell / neutral
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)

Short-term to hourly: 🟢 Strong buy
Daily: neutral

👉 Recent declines have been rejected, with price turning higher again.
This reflects a 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 seeing clear capital outflows.

🎯 Current Priority

🟢 Top Priority (Trend-Following)

AUD/JPY
CAD/JPY
CHF/JPY
NZD/JPY
EUR/JPY / GBP/JPY

🟡 Secondary

AUD/USD
XAU/USD (buy on dips)

⚠ Watch & Wait

EUR/USD
GBP/USD

🔴 Sell-on-Rallies / Avoid

USD/NZD
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 should remain the main battlefield.