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Next update: US Session Prep · 12:00 UTC
London Session's Technical Barometer

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.

BearBull
EUR/USDSTALE · last read 05 Oct 10:44 UTC
D1/H4/H1 · session backdrop
D1 ▼ H4 ▼ H1 — M15 ▲ M5 ▼RSI 41 · EMA20 < EMA50 · last 30m: 0.4 ATRSupport — · Resistance 1.12570 (2.6 ATR)the nearest level below is far away — price is stretched
BearBull
GBP/USDSTALE · last read 05 Oct 10:44 UTC
D1/H4/H1 · session backdrop
D1 ▼ H4 ▼ H1 — M15 ▲ M5 ▼RSI 50 · EMA20 < EMA50 · last 30m: 0.5 ATRSupport 1.32059 (1.1 ATR) · Resistance 1.32264 (0.2 ATR)the nearest level above is 0.2 ATR away and below 1.1 ATR — price is closer to the one above
BearBull
USD/JPYSTALE · last read 05 Oct 10:44 UTC
D1/H4/H1 · session backdrop
D1 — H4 ▲ H1 ▲ M15 ▲ M5 ▲RSI 55 · EMA20 > EMA50 · last 30m: 0.4 ATRSupport 157.81735 (0.7 ATR) · Resistance 158.14336 (0.8 ATR)price sits between two close levels (both within 1 ATR) — a move out of this zone could go either way
BearBull
GoldSTALE · last read 05 Oct 10:44 UTC
D1/H4/H1 · session backdrop
D1 ▼ H4 — H1 — M15 ▲ M5 ▼RSI 51 · EMA20 < EMA50 · last 30m: 0.3 ATRSupport 4,145.18 (0.9 ATR) · Resistance 4,189.67 (2.4 ATR)the nearest level above is 2.4 ATR away and below 0.9 ATR — price is closer to the one below
BearBull
OilSTALE · last read 05 Oct 10:44 UTC
D1/H4/H1 · session backdrop
D1 — H4 — H1 — M15 ▲ M5 ▲RSI 50 · EMA20 < EMA50 · last 30m: 0.7 ATRSupport 91.61 (1.2 ATR) · Resistance 92.48 (0.1 ATR)price is sitting right at the nearest level above, with 1.2 ATR to the nearest level below
BearBull
BitcoinNO DATA · no live read
D1 — H4 — H1 — M15 — M5 — · TA pendingSupport — · Resistance none above
BearBull
EthereumNO DATA · no live read
D1 — H4 — H1 — M15 — M5 — · TA pendingSupport — · Resistance none above
SESSION PREP · LONDON

What to watch in the London session

The London session (Europe open · the liquidity hour) · updated 2026-10-06 08:00 UTC.

Good morning. The backdrop is a familiar two-strand braid: Asian shares mostly advancing after Wall Street's gains, and Washington still busy rewriting the crypto rulebook — CFTC proposals, a comment period on retail rules, a Treasury mixing-rule withdrawal — as the CLARITY Act's failure keeps reshaping the map.

London's calendar is modest and entirely Low-tier: UK Construction PMI, a Housing Equity Withdrawal print, and MPC Member Mann speaking, alongside euro-area Retail Sales. Nothing here is built to move the needle hard, so expect the data to colour the mood rather than set it.

So watch whether Mann's remarks or the UK and euro-area prints start feeding the bond and crypto narratives. If the story shifts, we'll say so once the feeds return.

In this session window (08:00–12:00 UTC)

Construction PMI

06 Oct 08:30 UTCGBP Low

MPC Member Mann Speaks

06 Oct 08:30 UTCGBP Low

Housing Equity Withdrawal q/q

06 Oct 08:30 UTCGBP Low

Retail Sales m/m

06 Oct 09:00 UTCEUR Low

View the full economic calendar → · Briefing archive →