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/USDNEUTRAL
D1/H4/H1 · session backdrop
D1 ▼ H4 ▲ H1 ▲ M15 ▼ M5 ▼RSI 48 · EMA20 < EMA50 · last 30m: 0.7 ATRSupport 1.12023 (0.1 ATR) · Resistance 1.12159 (1.6 ATR)price is sitting right at the nearest level below, with 1.6 ATR to the nearest level above
NEUTRAL — D1 down, H4 up, H1 up (longer-term read: D1/H4/H1 · session backdrop). H4 RSI 45.5; H1 RSI 47.9. Major support 1.12023 (0.1 ATR) · resistance 1.12159 (1.6 ATR). price is sitting right at the nearest level below, with 1.6 ATR to the nearest level above 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 up; EMA neutral or disagreeing
H1 trend (long) — H1 structure says up; EMA neutral or disagreeing
Momentum (H4/H1) — H4 RSI 45.5; H1 RSI 47.9
Divergence (long) — no divergence against the long-term trend
Major levels (H4/D1) — nearest tested: support 1.12023 (0.1 ATR) · resistance 1.12159 (1.6 ATR)
GBP/USDBULLISH · LEANING
D1/H4/H1 · session backdrop
D1 — H4 ▲ H1 ▲ M15 ▼ M5 ▼RSI 55 · EMA20 > EMA50 · last 30m: 0.7 ATRSupport 1.32232 (2.1 ATR) · Resistance 1.32506 (0.6 ATR)the nearest level above is 0.6 ATR away and below 2.1 ATR — price is closer to the one above
BULLISH LEANING — D1 mixed, H4 up, H1 up (longer-term read: D1/H4/H1 · session backdrop). H4 RSI 55.5; H1 RSI 55.5. Major support 1.32232 (2.1 ATR) · resistance 1.32506 (0.6 ATR). the nearest level above is 0.6 ATR away and below 2.1 ATR — price is closer to the one above Near-term: 30-min move active (0.74 ATR), structure intact.
D1 trend (long) — D1 structure says mixed; EMA neutral or disagreeing
H4 trend (long) — H4 structure says up; EMA neutral or disagreeing
H1 trend (long) — H1 structure says up; EMA aligned with it
Momentum (H4/H1) — H4 RSI 55.5; H1 RSI 55.5
Divergence (long) — no divergence against the long-term trend
Major levels (H4/D1) — nearest tested: support 1.32232 (2.1 ATR) · resistance 1.32506 (0.6 ATR)
USD/JPYBULLISH · LEANING
D1/H4/H1 · session backdrop
D1 ▲ H4 — H1 ▼ M15 ▲ M5 ▲RSI 61 · EMA20 > EMA50 · last 30m: 0.7 ATRSupport 158.09544 (3.1 ATR) · Resistance 158.49780 (0.5 ATR)price is 0.5 ATR under the nearest level above and 3.1 ATR over the nearest level below — near the top of its recent range
BULLISH LEANING — D1 up, H4 mixed, H1 down (longer-term read: D1/H4/H1 · session backdrop). H4 RSI 59.0; H1 RSI 60.9. Major support 158.09544 (3.1 ATR) · resistance 158.49780 (0.5 ATR). price is 0.5 ATR under the nearest level above and 3.1 ATR over the nearest level below — near the top of its recent range Near-term: 30-min move active (0.68 ATR), structure intact.
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 59.0; H1 RSI 60.9
Divergence (long) — no divergence against the long-term trend
Major levels (H4/D1) — nearest tested: support 158.09544 (3.1 ATR) · resistance 158.49780 (0.5 ATR)
GoldBEARISH · LEANING
D1/H4/H1 · session backdrop
D1 ▼ H4 — H1 ▲ M15 ▼ M5 ▼RSI 47 · EMA20 > EMA50 · last 30m: 0.7 ATRSupport 4,167.13 (1.2 ATR) · Resistance 4,182.18 (0.1 ATR)price is sitting right at the nearest level above, with 1.2 ATR to the nearest level below
BEARISH LEANING — D1 down, H4 mixed, H1 up (longer-term read: D1/H4/H1 · session backdrop). H4 RSI 55.1; H1 RSI 47.1. Major support 4167.13 (1.2 ATR) · resistance 4182.18 (0.1 ATR). price is sitting right at the nearest level above, with 1.2 ATR to the nearest level below Near-term: 30-min move active (0.73 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 55.1; H1 RSI 47.1
Divergence (long) — no divergence against the long-term trend
Major levels (H4/D1) — nearest tested: support 4167.13 (1.2 ATR) · resistance 4182.18 (0.1 ATR)
OilBEARISH · LEANING
D1/H4/H1 · session backdrop
D1 — H4 — H1 — M15 ▲ M5 ▲RSI 49 · EMA20 < EMA50 · last 30m: 1.0 ATRSupport 91.23 (0.4 ATR) · Resistance 92.45 (1.1 ATR)the nearest level above is 1.1 ATR away and below 0.4 ATR — price is closer to the one below
BEARISH LEANING — D1 mixed, H4 mixed, H1 mixed (longer-term read: D1/H4/H1 · session backdrop). H4 RSI 49.2; H1 RSI 49.0. Major support 91.23 (0.4 ATR) · resistance 92.45 (1.1 ATR). the nearest level above is 1.1 ATR away and below 0.4 ATR — price is closer to the one below Near-term: 30-min move active (0.96 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 49.2; H1 RSI 49.0
Divergence (long) — no divergence against the long-term trend
Major levels (H4/D1) — nearest tested: support 91.23 (0.4 ATR) · resistance 92.45 (1.1 ATR)
BitcoinNEUTRAL
D1/H4/H1 · session backdrop
D1 ▼ H4 ▲ H1 — M15 ▲ M5 ▲RSI 59 · EMA20 > EMA50 · last 30m: 0.5 ATRSupport 83,608.3 (0.9 ATR) · Resistance 84,269.8 (0.9 ATR)price sits between two close levels (both within 1 ATR) — a move out of this zone could go either way
NEUTRAL — D1 down, H4 up, H1 mixed (longer-term read: D1/H4/H1 · session backdrop). H4 RSI 59.7; H1 RSI 59.0. Major support 83608.3 (0.9 ATR) · resistance 84269.8 (0.9 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 normal (0.45 ATR), structure mixed.
D1 trend (long) — D1 structure says down; 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 59.7; H1 RSI 59.0
Divergence (long) — no divergence against the long-term trend
Major levels (H4/D1) — nearest tested: support 83608.3 (0.9 ATR) · resistance 84269.8 (0.9 ATR)
EthereumNEUTRAL
D1/H4/H1 · session backdrop
D1 — H4 — H1 ▲ M15 ▲ M5 ▲RSI 67 · EMA20 > EMA50 · last 30m: 0.6 ATRSupport 2,507.8 (3.5 ATR) · Resistance 2,567.1 (0.6 ATR)price is 0.6 ATR under the nearest level above and 3.5 ATR over the nearest level below — near the top of its recent range
NEUTRAL — D1 mixed, H4 mixed, H1 up (longer-term read: D1/H4/H1 · session backdrop). H4 RSI 59.3; H1 RSI 67.4. Major support 2507.8 (3.5 ATR) · resistance 2567.1 (0.6 ATR). price is 0.6 ATR under the nearest level above and 3.5 ATR over the nearest level below — near the top of its recent range Near-term: 30-min move active (0.63 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 59.3; H1 RSI 67.4
Divergence (long) — no divergence against the long-term trend
Major levels (H4/D1) — nearest tested: support 2507.8 (3.5 ATR) · resistance 2567.1 (0.6 ATR)
SESSION PREP · LONDON
What to watch in the London session
The London session (Europe open · the liquidity hour) · updated 2026-10-12 08:02 UTC.
Good morning. The stablecoin regulatory drumbeat rolls on — France's tax plans, ESMA's compliance countdown, Samsung Wallet's US rollout — while oil keeps sliding on ceasefire chatter and mixed Asian equities.
Today's London window is light on data: an MPC Member Breeden speech is the only scheduled item of note, alongside a US bank holiday. That combination often means thinner liquidity and a gappier tape rather than a headline-driven open.
On the cards, EUR/USD reads neutral — D1 down against H4 and H1 up, H4 RSI 45.5, price sitting right at the nearest level below with 1.6 ATR to the one above. GBP/USD leans bullish on an up H4 and H1, though its D1 structure is mixed, and price sits closer to the level above. USD/JPY also leans bullish, D1 up against a down H1, near the top of its recent range. Gold leans bearish, D1 down with H1 up, sitting right at the nearest level above. Oil leans bearish but mixed across all three timeframes. Bitcoin reads neutral, wedged between two close levels; Ethereum is neutral too, near the top of its range with H1 RSI 67.4.
Watch how the thinner holiday conditions treat these setups, and whether Breeden's remarks stir sterling.
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