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Japanese Yen Trades at a Seven-Month High Against the Dollar

September 9, 2026, 07:15
Japanese Yen Trades at a Seven-Month High Against the Dollar

Gold Technical Analysis

Gold is showing signs of a short-term recovery after falling to $4,341. Price has rebounded toward $4,400. The precious metal has moved back above the three moving averages MA(5), MA(10), and MA(20), creating a more constructive short-term setup and suggesting that the recent selling pressure is easing.

The first resistance is around $4,420–$4,425, followed by the $4,472–$4,475 area. A sustained break above $4,475 would strengthen the recovery and could bring $4,510 back into focus. On the downside, $4,380–$4,365 is the first support zone, while the recent low at $4,341.30 is the key support. Overall, the bias has shifted to neutral-to-bullish in the short term, although gold needs to break above $4,420 and subsequently $4,475 to confirm a stronger recovery.

Gold 1H Chart

Gold rebounds above $4,400 as investors await key inflation data from the US this week

Source: STARTRADER app | Gold rebounds above $4,400 as investors await key inflation data from the US this week

Resistance$4,413$4,425$4,450
Support$4,370$4,342$4,300

Brent Technical Analysis

Brent crude remains in a strong bullish trend on the 1-hour chart, with the price trading around $100.11 after reaching an intraday high of $100.63. The broader structure continues to show higher highs and higher lows. Momentum has started to consolidate after the latest rally toward the psychological $100 level.

The immediate resistance is around $100.63, followed by the $101.00–$101.15 area. A sustained break above $100.63 would strengthen the bullish outlook and could open the way toward fresh highs. On the downside, $99.00–$98.50 represents the first important support zone, followed by $97.50. As long as the price remains above $98.50, the technical bias remains bullish, although a break below this area would signal a deeper correction.

Brent 1H Chart

Crude brent breaks $100 a barrel on escalation tensions in the Middle East

Source: STARTRADER app | Crude brent breaks $100 a barrel on escalation tensions in the Middle East

Resistance$100.63$101.87$103.24
Support$98.50$97.50$96.00

USDJPY Technical Analysis

USDJPY remains under significant bearish pressure on the 1-hour chart. The pair has fallen from around 158.96 to a recent low of 152.88, establishing a clear sequence of lower highs and lower lows. Price is currently trading around 153.11, confirming that the short-term trend remains negative despite the recent attempt to stabilize.

The key support is around 152.88, and a break below this level could extend the decline toward 152.50 and potentially 152.00. On the upside, 153.50–153.75 is the first resistance zone, followed by 154.20–154.45. A sustained move above $154.45 would be needed to materially improve the technical outlook. Until then, the bias remains bearish, with rallies likely to face selling pressure.

USDJPY 1H Chart

The Japanese Yen continues to show strength against the USD

Source: STARTRADER app | The Japanese Yen continues to show strength against the USD

Resistance153.80154.43154.81
Support152.85152.43152.00

Risk Disclaimer: This material is provided for informational purposes only and does not constitute a recommendation or investment advice. Trading financial instruments on margin involves substantial risk and may not be appropriate for all investors.

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