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 · LEANING
D1/H4/H1 · session backdrop
D1 ▼ H4 ▼ H1 — M15 ▼ M5 ▼RSI 53 · EMA20 > EMA50 · last 30m: 1.5 ATRSupport 1.11861 (2.2 ATR) · Resistance 1.12034 (0.7 ATR)the nearest level above is 0.7 ATR away and below 2.2 ATR — price is closer to the one above
BEARISH LEANING — D1 down, H4 down, H1 mixed (longer-term read: D1/H4/H1 · session backdrop). H4 RSI 50.4; H1 RSI 53.3. Major support 1.11861 (2.2 ATR) · resistance 1.12034 (0.7 ATR). the nearest level above is 0.7 ATR away and below 2.2 ATR — price is closer to the one above Near-term: 30-min move significant (1.45 ATR), structure mixed.
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 mixed; EMA neutral or disagreeing
Momentum (H4/H1) — H4 RSI 50.4; H1 RSI 53.3
Divergence (long) — no divergence against the long-term trend
Major levels (H4/D1) — nearest tested: support 1.11861 (2.2 ATR) · resistance 1.12034 (0.7 ATR)
GBP/USDBULLISH · LEANING
D1/H4/H1 · session backdrop
D1 — H4 — H1 ▲ M15 ▼ M5 ▼RSI 56 · EMA20 > EMA50 · last 30m: 1.0 ATRSupport 1.32466 (1.6 ATR) · Resistance 1.32626 (0.4 ATR)the nearest level above is 0.4 ATR away and below 1.6 ATR — price is closer to the one above
BULLISH LEANING — D1 mixed, H4 mixed, H1 up (longer-term read: D1/H4/H1 · session backdrop). H4 RSI 59.3; H1 RSI 55.9. Major support 1.32466 (1.6 ATR) · resistance 1.32626 (0.4 ATR). the nearest level above is 0.4 ATR away and below 1.6 ATR — price is closer to the one above Near-term: 30-min move active (0.96 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 55.9
Divergence (long) — no divergence against the long-term trend
Major levels (H4/D1) — nearest tested: support 1.32466 (1.6 ATR) · resistance 1.32626 (0.4 ATR)
USD/JPYNEUTRAL
D1/H4/H1 · session backdrop
D1 ▲ H4 ▼ H1 — M15 ▲ M5 ▼RSI 51 · EMA20 < EMA50 · last 30m: 1.0 ATRSupport 158.10300 (1.8 ATR) · Resistance 158.43418 (0.9 ATR)the nearest level above is 0.9 ATR away and below 1.8 ATR — price is closer to the one above
NEUTRAL — D1 up, H4 down, H1 mixed (longer-term read: D1/H4/H1 · session backdrop). H4 RSI 51.8; H1 RSI 51.2. Major support 158.10300 (1.8 ATR) · resistance 158.43418 (0.9 ATR). the nearest level above is 0.9 ATR away and below 1.8 ATR — price is closer to the one above Near-term: 30-min move significant (1.04 ATR), structure intact.
D1 trend (long) — D1 structure says up; EMA neutral or disagreeing
H4 trend (long) — H4 structure says down; EMA neutral or disagreeing
H1 trend (long) — H1 structure says mixed; EMA neutral or disagreeing
Momentum (H4/H1) — H4 RSI 51.8; H1 RSI 51.2
Divergence (long) — no divergence against the long-term trend
Major levels (H4/D1) — nearest tested: support 158.10300 (1.8 ATR) · resistance 158.43418 (0.9 ATR)
GoldBEARISH · LEANING
D1/H4/H1 · session backdrop
D1 — H4 ▼ H1 — M15 ▼ M5 ▼RSI 40 · EMA20 < EMA50 · last 30m: 0.6 ATRSupport 4,140.09 (0.8 ATR) · Resistance 4,150.76 (0.1 ATR)price sits between two close levels (both within 1 ATR) — a move out of this zone could go either way
BEARISH LEANING — D1 mixed, H4 down, H1 mixed (longer-term read: D1/H4/H1 · session backdrop). H4 RSI 44.0; H1 RSI 39.7. Major support 4140.09 (0.8 ATR) · resistance 4150.76 (0.1 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 (0.61 ATR), structure mixed.
D1 trend (long) — D1 structure says mixed; EMA neutral or disagreeing
H4 trend (long) — H4 structure says down; EMA aligned with it
H1 trend (long) — H1 structure says mixed; EMA neutral or disagreeing
Momentum (H4/H1) — H4 RSI 44.0; H1 RSI 39.7
Divergence (long) — price and RSI diverged against the long-term trend — a caution
Major levels (H4/D1) — nearest tested: support 4140.09 (0.8 ATR) · resistance 4150.76 (0.1 ATR)
OilBULLISH · LEANING
D1/H4/H1 · session backdrop
D1 — H4 ▲ H1 ▲ M15 ▼ M5 ▼RSI 51 · EMA20 > EMA50 · last 30m: 1.3 ATRSupport 94.20 (0.3 ATR) · Resistance 94.80 (1.0 ATR)the nearest level above is 1.0 ATR away and below 0.3 ATR — price is closer to the one below
BULLISH LEANING — D1 mixed, H4 up, H1 up (longer-term read: D1/H4/H1 · session backdrop). H4 RSI 57.4; H1 RSI 51.1. Major support 94.20 (0.3 ATR) · resistance 94.80 (1.0 ATR). the nearest level above is 1.0 ATR away and below 0.3 ATR — price is closer to the one below Near-term: 30-min move significant (1.3 ATR), structure intact.
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 up; EMA aligned with it
Momentum (H4/H1) — H4 RSI 57.4; H1 RSI 51.1
Divergence (long) — price and RSI diverged against the long-term trend — a caution
Major levels (H4/D1) — nearest tested: support 94.20 (0.3 ATR) · resistance 94.80 (1.0 ATR)
BitcoinNEUTRAL
D1/H4/H1 · session backdrop
D1 ▼ H4 — H1 ▲ M15 ▼ M5 ▼RSI 55 · EMA20 > EMA50 · last 30m: 0.6 ATRSupport 83,103.4 (1.3 ATR) · Resistance 83,523.6 (0.0 ATR)price is sitting right at the nearest level above, with 1.3 ATR to the nearest level below
NEUTRAL — D1 down, H4 mixed, H1 up (longer-term read: D1/H4/H1 · session backdrop). H4 RSI 53.0; H1 RSI 54.5. Major support 83103.4 (1.3 ATR) · resistance 83523.6 (0.0 ATR). price is sitting right at the nearest level above, with 1.3 ATR to the nearest level below Near-term: 30-min move active (0.6 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 53.0; H1 RSI 54.5
Divergence (long) — no divergence against the long-term trend
Major levels (H4/D1) — nearest tested: support 83103.4 (1.3 ATR) · resistance 83523.6 (0.0 ATR)
EthereumBEARISH · CLEAR
D1/H4/H1 · session backdrop
D1 ▼ H4 ▼ H1 ▲ M15 ▼ M5 ▲RSI 51 · EMA20 < EMA50 · last 30m: 0.7 ATRSupport 2,493.8 (1.1 ATR) · Resistance 2,512.6 (0.5 ATR)the nearest level above is 0.5 ATR away and below 1.1 ATR — price is closer to the one above
BEARISH CLEAR — D1 down, H4 down, H1 up (longer-term read: D1/H4/H1 · session backdrop). H4 RSI 48.0; H1 RSI 51.4. Major support 2493.8 (1.1 ATR) · resistance 2512.6 (0.5 ATR). the nearest level above is 0.5 ATR away and below 1.1 ATR — price is closer to the one above Near-term: 30-min move active (0.66 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 up; EMA neutral or disagreeing
Momentum (H4/H1) — H4 RSI 48.0; H1 RSI 51.4
Divergence (long) — no divergence against the long-term trend
Major levels (H4/D1) — nearest tested: support 2493.8 (1.1 ATR) · resistance 2512.6 (0.5 ATR)
SESSION PREP · LONDON
What to watch in the London session
The London session (Europe open · the liquidity hour) · updated 2026-10-14 08:02 UTC.
Good morning. The chip sell-off that dragged South Korea's Kospi down more than 7% is still the backdrop, with world stocks dipping and bonds bid as AI fatigue lingers over semiconductors.
London's calendar leans toward speakers rather than prints: ECB President Lagarde and FOMC Member Bowman both take the microphone, alongside a German 30-year bond auction and the EU Economic Summit. China's M2 and new loans round out the low-tier data.
The gauge itself is a mixed bag. EUR/USD is BEARISH LEANING with D1 and H4 both down, sitting closer to the level above; GBP/USD is BULLISH LEANING on an H1 up read, also nearer its upper level. USD/JPY reads NEUTRAL — D1 up, H4 down — while Gold is BEARISH LEANING, wedged between two close levels. Oil is BULLISH LEANING with structure intact, Bitcoin NEUTRAL and sitting right at the nearest level above, and Ethereum BEARISH CLEAR across D1 and H4. Watch whether those tight zones give way once the speakers start.
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