📊 Technical Analysis — February 6, 2026

📊 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)

• From 5-minute charts to daily: all signal strong buy

• 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)

👉 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)

• 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)

• 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)

• 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 will continue to be the main battlefield.