What this reads: the bigger picture for this session — daily, 4-hour and 1-hour trends with 4-hour and 1-hour momentum, read when this briefing was written. It changes slowly and is not a forecast. Market Pulse reads only the last hour or so, so the two can disagree: a short bounce inside a downtrend can read bullish there and bearish here.
EUR/USDBEARISH · CLEAR
D1/H4/H1 · session backdrop
D1 ▼ H4 — H1 — M15 ▼ M5 ▲RSI 40 · EMA20 < EMA50 · last 30m: 1.0 ATRSupport — · Resistance 1.12570 (2.9 ATR)the nearest level below is far away — price is stretched
BEARISH CLEAR — D1 down, H4 mixed, H1 mixed (longer-term read: D1/H4/H1 · session backdrop). H4 RSI 33.2; H1 RSI 40.3. Major support — · resistance 1.12570 (2.9 ATR). the nearest level below is far away — price is stretched Near-term: 30-min move significant (1.01 ATR), structure mixed.
D1 trend (long) — D1 structure says down; EMA neutral or disagreeing
H4 trend (long) — H4 structure says mixed; EMA neutral or disagreeing
H1 trend (long) — H1 structure says mixed; EMA neutral or disagreeing
Momentum (H4/H1) — H4 RSI 33.2; H1 RSI 40.3
Divergence (long) — no divergence against the long-term trend
Major levels (H4/D1) — nearest tested: support none below · resistance 1.12570 (2.9 ATR)
GBP/USDBEARISH · LEANING
D1/H4/H1 · session backdrop
D1 ▼ H4 — H1 — M15 ▲ M5 ▲RSI 52 · EMA20 < EMA50 · last 30m: 1.3 ATRSupport 1.32257 (0.1 ATR) · Resistance 1.32510 (1.7 ATR)price is sitting right at the nearest level below, with 1.7 ATR to the nearest level above
BEARISH LEANING — D1 down, H4 mixed, H1 mixed (longer-term read: D1/H4/H1 · session backdrop). H4 RSI 48.5; H1 RSI 52.0. Major support 1.32257 (0.1 ATR) · resistance 1.32510 (1.7 ATR). price is sitting right at the nearest level below, with 1.7 ATR to the nearest level above Near-term: 30-min move significant (1.29 ATR), structure mixed.
D1 trend (long) — D1 structure says down; EMA neutral or disagreeing
H4 trend (long) — H4 structure says mixed; EMA neutral or disagreeing
H1 trend (long) — H1 structure says mixed; EMA neutral or disagreeing
Momentum (H4/H1) — H4 RSI 48.5; H1 RSI 52.0
Divergence (long) — no divergence against the long-term trend
Major levels (H4/D1) — nearest tested: support 1.32257 (0.1 ATR) · resistance 1.32510 (1.7 ATR)
USD/JPYBULLISH · LEANING
D1/H4/H1 · session backdrop
D1 — H4 — H1 ▲ M15 ▼ M5 ▼RSI 45 · EMA20 > EMA50 · last 30m: 0.8 ATRSupport 157.52669 (0.7 ATR) · Resistance 157.81735 (0.8 ATR)price sits between two close levels (both within 1 ATR) — a move out of this zone could go either way
BULLISH LEANING — D1 mixed, H4 mixed, H1 up (longer-term read: D1/H4/H1 · session backdrop). H4 RSI 49.3; H1 RSI 45.3. Major support 157.52669 (0.7 ATR) · resistance 157.81735 (0.8 ATR). price sits between two close levels (both within 1 ATR) — a move out of this zone could go either way Near-term: 30-min move active (0.75 ATR), structure intact.
D1 trend (long) — D1 structure says mixed; EMA neutral or disagreeing
H4 trend (long) — H4 structure says mixed; EMA neutral or disagreeing
H1 trend (long) — H1 structure says up; EMA aligned with it
Momentum (H4/H1) — H4 RSI 49.3; H1 RSI 45.3
Divergence (long) — no divergence against the long-term trend
Major levels (H4/D1) — nearest tested: support 157.52669 (0.7 ATR) · resistance 157.81735 (0.8 ATR)
GoldBEARISH · LEANING
D1/H4/H1 · session backdrop
D1 ▼ H4 — H1 — M15 ▲ M5 ▲RSI 51 · EMA20 < EMA50 · last 30m: 0.5 ATRSupport 4,145.18 (0.9 ATR) · Resistance 4,189.67 (2.5 ATR)the nearest level above is 2.5 ATR away and below 0.9 ATR — price is closer to the one below
BEARISH LEANING — D1 down, H4 mixed, H1 mixed (longer-term read: D1/H4/H1 · session backdrop). H4 RSI 45.6; H1 RSI 51.0. Major support 4145.18 (0.9 ATR) · resistance 4189.67 (2.5 ATR). the nearest level above is 2.5 ATR away and below 0.9 ATR — price is closer to the one below Near-term: 30-min move active (0.51 ATR), structure mixed.
D1 trend (long) — D1 structure says down; EMA neutral or disagreeing
H4 trend (long) — H4 structure says mixed; EMA neutral or disagreeing
H1 trend (long) — H1 structure says mixed; EMA neutral or disagreeing
Momentum (H4/H1) — H4 RSI 45.6; H1 RSI 51.0
Divergence (long) — no divergence against the long-term trend
Major levels (H4/D1) — nearest tested: support 4145.18 (0.9 ATR) · resistance 4189.67 (2.5 ATR)
OilNEUTRAL
D1/H4/H1 · session backdrop
D1 — H4 — H1 — M15 ▼ M5 ▲RSI 39 · EMA20 < EMA50 · last 30m: 1.1 ATRSupport 91.06 (0.6 ATR) · Resistance 91.61 (0.4 ATR)price sits between two close levels (both within 1 ATR) — a move out of this zone could go either way
NEUTRAL — D1 mixed, H4 mixed, H1 mixed (longer-term read: D1/H4/H1 · session backdrop). H4 RSI 46.7; H1 RSI 39.0. Major support 91.06 (0.6 ATR) · resistance 91.61 (0.4 ATR). price sits between two close levels (both within 1 ATR) — a move out of this zone could go either way Near-term: 30-min move significant (1.13 ATR), structure mixed.
D1 trend (long) — D1 structure says mixed; EMA neutral or disagreeing
H4 trend (long) — H4 structure says mixed; EMA neutral or disagreeing
H1 trend (long) — H1 structure says mixed; EMA neutral or disagreeing
Momentum (H4/H1) — H4 RSI 46.7; H1 RSI 39.0
Divergence (long) — no divergence against the long-term trend
Major levels (H4/D1) — nearest tested: support 91.06 (0.6 ATR) · resistance 91.61 (0.4 ATR)
BitcoinNEUTRAL
D1/H4/H1 · session backdrop
D1 ▼ H4 — H1 ▲ M15 ▲ M5 ▲RSI 61 · EMA20 > EMA50 · last 30m: 0.8 ATRSupport 84,355.6 (4.1 ATR) · Resistance 86,513.0 (0.8 ATR)price is 0.8 ATR under the nearest level above and 4.1 ATR over the nearest level below — near the top of its recent range
NEUTRAL — D1 down, H4 mixed, H1 up (longer-term read: D1/H4/H1 · session backdrop). H4 RSI 63.9; H1 RSI 60.6. Major support 84355.6 (4.1 ATR) · resistance 86513.0 (0.8 ATR). price is 0.8 ATR under the nearest level above and 4.1 ATR over the nearest level below — near the top of its recent range Near-term: 30-min move active (0.84 ATR), structure intact.
D1 trend (long) — D1 structure says down; EMA neutral or disagreeing
H4 trend (long) — H4 structure says mixed; EMA neutral or disagreeing
H1 trend (long) — H1 structure says up; EMA aligned with it
Momentum (H4/H1) — H4 RSI 63.9; H1 RSI 60.6
Divergence (long) — no divergence against the long-term trend
Major levels (H4/D1) — nearest tested: support 84355.6 (4.1 ATR) · resistance 86513.0 (0.8 ATR)
EthereumBULLISH · LEANING
D1/H4/H1 · session backdrop
D1 ▲ H4 — H1 ▼ M15 ▲ M5 ▲RSI 60 · EMA20 > EMA50 · last 30m: 0.7 ATRSupport 2,678.8 (3.0 ATR) · Resistance 2,739.6 (1.4 ATR)the nearest level above is 1.4 ATR away and below 3.0 ATR — price is closer to the one above
BULLISH LEANING — D1 up, H4 mixed, H1 down (longer-term read: D1/H4/H1 · session backdrop). H4 RSI 58.9; H1 RSI 59.6. Major support 2678.8 (3.0 ATR) · resistance 2739.6 (1.4 ATR). the nearest level above is 1.4 ATR away and below 3.0 ATR — price is closer to the one above Near-term: 30-min move active (0.68 ATR), structure mixed.
D1 trend (long) — D1 structure says up; EMA neutral or disagreeing
H4 trend (long) — H4 structure says mixed; EMA neutral or disagreeing
H1 trend (long) — H1 structure says down; EMA neutral or disagreeing
Momentum (H4/H1) — H4 RSI 58.9; H1 RSI 59.6
Divergence (long) — no divergence against the long-term trend
Major levels (H4/D1) — nearest tested: support 2678.8 (3.0 ATR) · resistance 2739.6 (1.4 ATR)
SESSION PREP · LONDON
What to watch in the London session
The London session (Europe open · the liquidity hour) · updated 2026-10-05 08:00 UTC.
Good morning. The bond-market selloff and the steady drumbeat of crypto rulemaking — stablecoin reserve fights, trust charters, new EU and US proposals — remain the backdrop as London takes the baton.
This window's calendar is all second-tier: final Services PMIs for the euro area and the UK, Sentix Investor Confidence, and euro-area PPI. Nothing High-tier, so the prints are more likely to colour the mood than set it.
Watch the gauges. EUR/USD reads BEARISH CLEAR — D1 down against mixed H4 and H1, H4 RSI 33.2, and price stretched with the nearest level below far away. GBP/USD is BEARISH LEANING and sitting right at the nearest level below, with 1.7 ATR to the one above. USD/JPY leans BULLISH, H1 up, but price sits between two close levels — a move out of that zone could go either way. Gold is BEARISH LEANING, closer to the level below than the one above. Oil is NEUTRAL with all three timeframes mixed, and Bitcoin is NEUTRAL — D1 down, H1 up — near the top of its recent range. Ethereum leans BULLISH, though D1 up sits against H1 down.
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