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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/USDNEUTRAL
D1/H4/H1 · session backdrop
D1 ▼ H4 ▲ H1 ▲ M15 ▲ M5 ▼RSI 64 · EMA20 > EMA50 · last 30m: 0.9 ATRSupport 1.12158 (1.9 ATR) · Resistance 1.12619 (3.9 ATR)the nearest level above is 3.9 ATR away and below 1.9 ATR — price is closer to the one below
BearBull
GBP/USDNEUTRAL
D1/H4/H1 · session backdrop
D1 ▼ H4 — H1 ▲ M15 ▲ M5 ▼RSI 61 · EMA20 > EMA50 · last 30m: 0.9 ATRSupport 1.32234 (2.4 ATR) · Resistance 1.32482 (0.5 ATR)the nearest level above is 0.5 ATR away and below 2.4 ATR — price is closer to the one above
BearBull
USD/JPYNEUTRAL
D1/H4/H1 · session backdrop
D1 ▲ H4 ▼ H1 ▼ M15 ▲ M5 ▲RSI 61 · EMA20 < EMA50 · last 30m: 0.8 ATRSupport 158.09740 (1.5 ATR) · Resistance 158.43779 (0.6 ATR)the nearest level above is 0.6 ATR away and below 1.5 ATR — price is closer to the one above
BearBull
GoldNEUTRAL
D1/H4/H1 · session backdrop
D1 ▼ H4 — H1 — M15 ▲ M5 ▲RSI 75 · EMA20 > EMA50 · last 30m: 0.5 ATRSupport 4,182.44 (0.9 ATR) · Resistance 4,196.18 (0.2 ATR)price sits between two close levels (both within 1 ATR) — a move out of this zone could go either way
BearBull
OilBULLISH · LEANING
D1/H4/H1 · session backdrop
D1 ▲ H4 ▲ H1 ▼ M15 ▲ M5 ▲RSI 45 · EMA20 > EMA50 · last 30m: 0.7 ATRSupport 91.04 (1.1 ATR) · Resistance 91.68 (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
BitcoinBEARISH · CLEAR
D1/H4/H1 · session backdrop
D1 ▼ H4 ▼ H1 — M15 ▲ M5 ▲RSI 55 · EMA20 < EMA50 · last 30m: 0.4 ATRSupport 81,843.4 (1.9 ATR) · Resistance 83,124.4 (1.7 ATR)about the same room to the levels above (1.7 ATR) and below (1.9 ATR)
BearBull
EthereumNEUTRAL
D1/H4/H1 · session backdrop
D1 ▲ H4 ▼ H1 ▲ M15 ▲ M5 ▲RSI 50 · EMA20 < EMA50 · last 30m: 0.4 ATRSupport 2,485.0 (0.8 ATR) · Resistance 2,522.3 (1.6 ATR)the nearest level above is 1.6 ATR away and below 0.8 ATR — price is closer to the one below
SESSION PREP · LONDON

What to watch in the London session

The London session (Europe open · the liquidity hour) · updated 2026-10-09 08:02 UTC.

Good morning. Stablecoins are having a moment in the headlines — Samsung wallet, tax plans in France and Greece, ESMA's three-month deadline for non-MiCA tokens — while Asian shares are mixed and crude prices fall after an unsettled Wall Street session.

London's calendar is light: Italian Industrial Production m/m and the ECOFIN Meetings, both low-tier for the euro, so the technicals carry the morning.

On the cards, EUR/USD has turned neutral — D1 down, but H4 and H1 up, H4 RSI 52.1 and H1 RSI 63.8, with price closer to the level below (1.9 ATR) than the one above (3.9 ATR). GBP/USD also reads neutral — D1 down, H4 mixed, H1 up — sitting closer to the level above at just 0.5 ATR. USD/JPY is neutral too, D1 up against H4 and H1 down, closer to the level above (0.6 ATR). Oil leans bullish — D1 and H4 up, H1 down — nearer the level above (0.2 ATR). Bitcoin stays bearish clear across D1 and H4 with H1 mixed, roughly even room to the levels either side. Gold is neutral and squeezed between two close levels; Ethereum neutral, closer to the level below. Watch whether those near levels give way as London finds its footing.

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

Italian Industrial Production m/m

09 Oct 08:00 UTCEUR Low

ECOFIN Meetings

09 Oct 09:15 UTCEUR Low

View the full economic calendar → · Briefing archive →