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 43 · EMA20 < EMA50 · last 30m: 0.9 ATRSupport — · Resistance 1.12019 (0.9 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 38.4; H1 RSI 43.5. Major support — · resistance 1.12019 (0.9 ATR). the nearest level below is far away — price is stretched Near-term: 30-min move active (0.91 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 mixed; EMA neutral or disagreeing
Momentum (H4/H1) — H4 RSI 38.4; H1 RSI 43.5
Divergence (long) — no divergence against the long-term trend
Major levels (H4/D1) — nearest tested: support none below · resistance 1.12019 (0.9 ATR)
GBP/USDBEARISH · LEANING
D1/H4/H1 · session backdrop
D1 ▼ H4 — H1 — M15 ▼ M5 ▼RSI 38 · EMA20 < EMA50 · last 30m: 1.0 ATRSupport 1.31917 (1.0 ATR) · Resistance 1.32048 (0.4 ATR)the nearest level above is 0.4 ATR away and below 1.0 ATR — price is closer to the one above
BEARISH LEANING — D1 down, H4 mixed, H1 mixed (longer-term read: D1/H4/H1 · session backdrop). H4 RSI 39.6; H1 RSI 38.5. Major support 1.31917 (1.0 ATR) · resistance 1.32048 (0.4 ATR). the nearest level above is 0.4 ATR away and below 1.0 ATR — price is closer to the one above Near-term: 30-min move active (0.95 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 39.6; H1 RSI 38.5
Divergence (long) — price and RSI diverged against the long-term trend — a caution
Major levels (H4/D1) — nearest tested: support 1.31917 (1.0 ATR) · resistance 1.32048 (0.4 ATR)
USD/JPYBULLISH · LEANING
D1/H4/H1 · session backdrop
D1 — H4 ▲ H1 — M15 ▲ M5 ▼RSI 54 · EMA20 > EMA50 · last 30m: 0.6 ATRSupport 158.10250 (0.5 ATR) · Resistance 158.25811 (0.4 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 up, H1 mixed (longer-term read: D1/H4/H1 · session backdrop). H4 RSI 55.0; H1 RSI 54.0. Major support 158.10250 (0.5 ATR) · resistance 158.25811 (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 active (0.57 ATR), structure mixed.
D1 trend (long) — D1 structure says mixed; EMA neutral or disagreeing
H4 trend (long) — H4 structure says up; EMA aligned with it
H1 trend (long) — H1 structure says mixed; EMA neutral or disagreeing
Momentum (H4/H1) — H4 RSI 55.0; H1 RSI 54.0
Divergence (long) — no divergence against the long-term trend
Major levels (H4/D1) — nearest tested: support 158.10250 (0.5 ATR) · resistance 158.25811 (0.4 ATR)
GoldBEARISH · LEANING
D1/H4/H1 · session backdrop
D1 ▼ H4 — H1 ▲ M15 ▼ M5 ▼RSI 48 · EMA20 < EMA50 · last 30m: 0.7 ATRSupport 4,112.28 (0.6 ATR) · Resistance 4,126.79 (0.5 ATR)price sits between two close levels (both within 1 ATR) — a move out of this zone could go either way
BEARISH LEANING — D1 down, H4 mixed, H1 up (longer-term read: D1/H4/H1 · session backdrop). H4 RSI 43.2; H1 RSI 48.3. Major support 4112.28 (0.6 ATR) · resistance 4126.79 (0.5 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 (0.7 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 neutral or disagreeing
Momentum (H4/H1) — H4 RSI 43.2; H1 RSI 48.3
Divergence (long) — no divergence against the long-term trend
Major levels (H4/D1) — nearest tested: support 4112.28 (0.6 ATR) · resistance 4126.79 (0.5 ATR)
OilBULLISH · CLEAR
D1/H4/H1 · session backdrop
D1 ▲ H4 ▲ H1 — M15 ▲ M5 ▲RSI 73 · EMA20 > EMA50 · last 30m: 0.9 ATRSupport 91.68 (2.3 ATR) · Resistance 93.07 (0.4 ATR)the nearest level above is 0.4 ATR away and below 2.3 ATR — price is closer to the one above
BULLISH CLEAR — D1 up, H4 up, H1 mixed (longer-term read: D1/H4/H1 · session backdrop). H4 RSI 58.1; H1 RSI 72.7. Major support 91.68 (2.3 ATR) · resistance 93.07 (0.4 ATR). the nearest level above is 0.4 ATR away and below 2.3 ATR — price is closer to the one above Near-term: 30-min move active (0.9 ATR), structure mixed.
D1 trend (long) — D1 structure says up; EMA neutral or disagreeing
H4 trend (long) — H4 structure says up; EMA neutral or disagreeing
H1 trend (long) — H1 structure says mixed; EMA neutral or disagreeing
Momentum (H4/H1) — H4 RSI 58.1; H1 RSI 72.7
Divergence (long) — no divergence against the long-term trend
Major levels (H4/D1) — nearest tested: support 91.68 (2.3 ATR) · resistance 93.07 (0.4 ATR)
BitcoinBEARISH · CLEAR
D1/H4/H1 · session backdrop
D1 ▼ H4 ▼ H1 ▼ M15 ▲ M5 ▼RSI 38 · EMA20 < EMA50 · last 30m: 0.6 ATRSupport 82,758.9 (0.4 ATR) · Resistance 83,160.2 (0.7 ATR)price sits between two close levels (both within 1 ATR) — a move out of this zone could go either way
BEARISH CLEAR — D1 down, H4 down, H1 down (longer-term read: D1/H4/H1 · session backdrop). H4 RSI 32.3; H1 RSI 38.4. Major support 82758.9 (0.4 ATR) · resistance 83160.2 (0.7 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 (0.63 ATR), structure intact.
D1 trend (long) — D1 structure says down; EMA neutral or disagreeing
H4 trend (long) — H4 structure says down; EMA aligned with it
H1 trend (long) — H1 structure says down; EMA aligned with it
Momentum (H4/H1) — H4 RSI 32.3; H1 RSI 38.4
Divergence (long) — no divergence against the long-term trend
Major levels (H4/D1) — nearest tested: support 82758.9 (0.4 ATR) · resistance 83160.2 (0.7 ATR)
EthereumNEUTRAL
D1/H4/H1 · session backdrop
D1 ▲ H4 — H1 — M15 ▲ M5 ▼RSI 38 · EMA20 < EMA50 · last 30m: 0.5 ATRSupport 2,545.3 (1.3 ATR) · Resistance 2,566.4 (0.2 ATR)the nearest level above is 0.2 ATR away and below 1.3 ATR — price is closer to the one above
NEUTRAL — D1 up, H4 mixed, H1 mixed (longer-term read: D1/H4/H1 · session backdrop). H4 RSI 26.9; H1 RSI 37.9. Major support 2545.3 (1.3 ATR) · resistance 2566.4 (0.2 ATR). the nearest level above is 0.2 ATR away and below 1.3 ATR — price is closer to the one above Near-term: 30-min move normal (0.5 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 mixed; EMA neutral or disagreeing
Momentum (H4/H1) — H4 RSI 26.9; H1 RSI 37.9
Divergence (long) — price and RSI diverged against the long-term trend — a caution
Major levels (H4/D1) — nearest tested: support 2545.3 (1.3 ATR) · resistance 2566.4 (0.2 ATR)
SESSION PREP · LONDON
What to watch in the London session
The London session (Europe open · the liquidity hour) · updated 2026-10-08 08:02 UTC.
Good morning. Asian shares are lower as rising bond yields and surging oil prices do the pushing, while the crypto news wire stays busy — Samsung Wallet bringing USDC to 82 million US phones, and the CFTC pressing ahead with federal crypto rulemaking.
London's calendar leans on speakers rather than data: FOMC Member Waller is the medium-tier headliner, with MPC Members Pill and Greene, SNB's Martin, the BOE Credit Conditions Survey, Eurogroup meetings and the ECB meeting accounts filling out the low-tier slots.
On the cards, the dollar pairs still tilt lower — EUR/USD reads bearish clear, GBP/USD bearish leaning, both with H4 RSI in the high 30s — while USD/JPY leans bullish and sits between two close levels, so a break either way is the thing to watch. Oil is the standout: bullish clear, though H1 RSI at 72.7 suggests it's running warm, and its nearest level above is only 0.4 ATR away. Gold leans bearish, Bitcoin reads bearish clear across all three timeframes with H4 RSI at 32.3, and Ethereum is neutral, tucked just under its nearest level above.
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