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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 ▲H4 RSI 53 · H1 RSI 59 · 30-min move active (0.56 ATR)Support 1.12076 (0.1 ATR) · Resistance 1.12243 (0.9 ATR)price sits between two close levels (both within 1 ATR) — a move out of this zone could go either way
BearBull
GBP/USDBEARISH · LEANING
D1/H4/H1 · session backdrop
D1 — H4 — H1 ▼H4 RSI 52 · H1 RSI 57 · 30-min move active (0.82 ATR)Support 1.32264 (0.9 ATR) · Resistance 1.32519 (0.6 ATR)price sits between two close levels (both within 1 ATR) — a move out of this zone could go either way
BearBull
USD/JPYBULLISH · LEANING
D1/H4/H1 · session backdrop
D1 ▲ H4 ▲ H1 —H4 RSI 44 · H1 RSI 42 · 30-min move active (0.79 ATR)Support 157.83440 (0.4 ATR) · Resistance 158.15478 (1.0 ATR)the nearest level above is 1.0 ATR away and below 0.4 ATR — price is closer to the one below
BearBull
GoldBEARISH · LEANING
D1/H4/H1 · session backdrop
D1 — H4 ▼ H1 —H4 RSI 49 · H1 RSI 56 · 30-min move normal (0.32 ATR)Support 4,127.30 (1.2 ATR) · Resistance 4,146.58 (0.1 ATR)price is sitting right at the nearest level above, with 1.2 ATR to the nearest level below
BearBull
OilBULLISH · LEANING
D1/H4/H1 · session backdrop
D1 — H4 ▲ H1 ▼H4 RSI 52 · H1 RSI 41 · 30-min move active (0.89 ATR)Support 92.25 (3.6 ATR) · Resistance 94.21 (0.4 ATR)price is 0.4 ATR under the nearest level above and 3.6 ATR over the nearest level below — near the top of its recent range
BearBull
BitcoinBEARISH · CLEAR
D1/H4/H1 · session backdrop
D1 ▼ H4 — H1 ▼H4 RSI 40 · H1 RSI 45 · 30-min move active (0.74 ATR)Support 81,428.5 (0.1 ATR) · Resistance 83,609.8 (3.6 ATR)price is 0.1 ATR over the nearest level below and 3.6 ATR under the nearest level above — near the bottom of its recent range
BearBull
EthereumBEARISH · CLEAR
D1/H4/H1 · session backdrop
D1 ▼ H4 ▼ H1 ▼H4 RSI 32 · H1 RSI 37 · 30-min move normal (0.48 ATR)Support 2,372.1 (0.1 ATR) · Resistance 2,404.4 (1.1 ATR)price is sitting right at the nearest level below, with 1.1 ATR to the nearest level above
SESSION PREP · LONDON

What to watch in the London session

The London session (Europe open · the liquidity hour) · updated 2026-10-15 08:02 UTC.

Good morning. Gold is grabbing record-high expectations on central-bank buying, while the AI trade keeps splintering — CoreWeave's bonds tumbling and inflation nerves rattling hyped-up tech — and France's 31.4% stablecoin tax proposal continues its tour of the headlines.

London's own calendar is modest: MPC's Breeden and the Bank of Canada's Rogers both speak, euro-area industrial production lands, and the EU Economic Summit runs through the morning. Nothing high-tier, so the wires may do more work than the data.

On the gauge, EUR/USD has flipped to NEUTRAL — D1 down, H4 mixed, H1 up — and sits between two close levels, so a break either way is live. GBP/USD is BEARISH LEANING with H1 down and D1/H4 mixed, also wedged between close levels. USD/JPY leans BULLISH, closer to the level beneath. Gold is BEARISH LEANING, sitting right at the level above, while Oil leans BULLISH near the top of its range. Bitcoin and Ethereum are both BEARISH CLEAR, each pressed against the level below. Watch whether Breeden's remarks or the summit headlines loosen those zones.

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

MPC Member Breeden Speaks

15 Oct 08:45 UTCGBP Low

Gov Council Member Rogers Speaks

15 Oct 09:00 UTCCAD Low

Industrial Production m/m

15 Oct 09:00 UTCEUR Low

EU Economic Summit

15 Oct 10:15 UTCEUR Medium

View the full economic calendar → · Briefing archive →