📊 Technical Analysis — February 3, 2026 “EUR and GBP in short-term correction; Cross-yen pairs and Gold retake center s

📊 Technical Analysis — February 3, 2026 “EUR and GBP in short-term correction; Cross-yen pairs and Gold retake center s

3 2月 2026, 12:25
Masayuki Sakamoto
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📊 Technical Analysis — February 3, 2026
“EUR and GBP in short-term correction; Cross-yen pairs and Gold retake center stage.”

💱 Multi-Timeframe Summary (Key Revisions)

🔹 Dollar Majors

Pair Short Term (5–15m) 1H Daily Turning Point
EUR/USD 🟥 Bearish bias 🟥 Strong sell ⚪️ Neutral Deep pullback after rally; trend pause
GBP/USD ⚪️ Neutral 🟥 Strong sell 🟩 Strong buy Forming a dip; broader bias still upward
AUD/USD ⚪️ Neutral 🟩 Strong buy 🟩 Strong buy Re-entering an upward phase

👉 EUR and GBP are in profit-taking corrections. AUD has already resumed its uptrend.


🔹 USD Pairs

Pair Short Term Daily Assessment
USD/JPY 🟩 Strong buy 🟩 Buy Signs of renewed yen selling
USD/CAD ⚪️ Neutral 🟥 Strong sell Sell-on-rallies structure intact
USD/CHF ⚪️ Neutral 🟥 Strong sell Broader USD weakness continues
USD/NZD 🟩 Rebound 🟥 Strong sell Rallies remain selling opportunities

👉 Only USD/JPY is rising on yen weakness; others remain in USD-selling structures.


🔹 Cross-Yen (Clear Leadership Shift)

Pair Short Term Daily Comment
EUR/JPY 🟩 Strong buy ⚪️ Neutral Finding a bottom
GBP/JPY 🟩 Buy 🟩 Strong buy Re-accelerating
AUD/JPY 🟩 Buy 🟩 Strong buy Trend resumption
CAD/JPY 🟩🟩 Very strong 🟩🟩 Very strong Among the strongest
CHF/JPY 🟩🟩 Very strong 🟩🟩 Very strong Rising despite safe-haven status
NZD/JPY 🟩 Buy 🟩 Strong buy In breakout territory

👉 Cross-yen pairs have fully reclaimed the spotlight.


🔹 Gold & BTC

Asset Assessment
XAU/USD (4,930) Strong buy across all timeframes → re-acceleration phase
BTC/USD Strong sell across all timeframes → continued capital outflow

👉 Gold’s trend has decisively resumed.
👉 BTC shows the opposite capital flow dynamic.


🧭 The Updated “Big Picture”

🔺 Cross-yen pairs
🔺 Gold
🔺 AUD-related pairs
⚠ EUR & GBP in correction
🔻 BTC

Risk-on flows are concentrating into cross-yen pairs and gold.


🎯 Tactical Playbook (Latest)

🟢 Priority Longs

  • CAD/JPY

  • CHF/JPY

  • AUD/JPY

  • XAU/USD

  • AUD/USD

⚠️ Buy on Dips

  • EUR/USD

  • GBP/USD

  • EUR/JPY


📝 One-Line Takeaway

“Not EUR — the true leaders now are cross-yen pairs and gold.
That’s where risk capital is flowing.”