USDJPY Rises Along a Bullish Corrective Trendline – Analysis – 02-09-2026

The (GBPUSD) continued to decline during its recent intraday trading, amid the dominance of a bearish corrective wave moving along a steep trendline that supports this direction in the short term. This comes alongside continued negative pressure resulting from trading below EMA50, which represents dynamic resistance that intensifies the negative pressures surrounding the pair. Meanwhile, negative signals continue to emerge from the relative strength indicators, warning of further downside for the pair in the near term.

Bitcoin (BTCUSD) remains lower during its recent intraday trading, amid volatile movements as it attempts to ease some of the clearly oversold conditions reflected by the relative strength indicators, with the beginning of a bullish crossover. This could provide some positive momentum that may slow the decline in the near term.

Crude Oil extended its gains strongly during its recent intraday trading, with its latest rise reaching the resistance level of $90.50, which represented our final price target. This comes amid the dominance of the short-term bullish trend, with the price moving along a trendline that reinforces the strength of this direction, with continued positive pressure resulting from trading above EMA50.