Technical analysis of EUR/USD, USD/JPY, GBP/USD, Gold and Bitcoin

Bullish traders retain the initiative in the market.

Bullish traders maintain upward prospects.

Rising expectations of an imminent interest rate hike by the Bank of Japan and a shift toward risk reduction also support the Japanese yen as a safe-haven asset.

A slight rise in oil prices is supporting the Canadian dollar and putting pressure on the pair amid a weaker U.S. dollar.

Expectations of a Bank of Japan rate hike and risk aversion are supporting the Japanese yen, potentially limiting the pair's upside. Diverging policies of the Bank of England and the Bank of Japan also call for caution among aggressive bullish traders.

A shift in risk sentiment and bets on a Federal Reserve rate cut are having a favorable impact on the precious metal.

USD/JPY: Tips for Beginner Traders on February 6th (U.S. Session)

GBP/USD: Tips for Beginner Traders on February 6th (U.S. Session)

EUR/USD: Tips for Beginner Traders on February 6th (U.S. Session)