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, London. The overnight wires stayed firmly in regulatory territory — stablecoin reserve rules, bank charter lawsuits, and fresh crypto framework proposals from Washington to Seoul — so expect headlines rather than data to set the early tone.
The calendar is light but not empty: final services PMIs for the euro area and the UK, Sentix investor confidence, and euro-area PPI, all low-tier. Nothing here typically moves the needle on its own, though a surprise services print can still nudge the open.
On the board, EUR/USD reads bearish clear — D1 down with H4 and H1 mixed, H4 RSI 33.2, and price stretched with the nearest level below far away. GBP/USD leans bearish, sitting right at its nearest level below with 1.7 ATR to the nearest level above. USD/JPY and oil both lean the other way, with USD/JPY wedged between two close levels. Gold leans bearish, closer to the level below than the one above. Crypto is the interesting pair again: Bitcoin is neutral overall — D1 down but H1 up, near the top of its range with structure intact — while Ethereum leans bullish, D1 up against a down H1. Watch whether those crypto reads hold their footing as the session unfolds.
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