GBPUSD Price Continues to Decline – Analysis – 02-09-2026

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.

Silver continued to decline during its recent intraday trading, affected by its earlier break below a major short-term bullish trendline, keeping negative pressures in control of the price movement, besides continued trading below EMA50, which represents dynamic resistance and limits the chances of a recovery in the near term.