Forex & Commodities Trading Levels to Watch Today

The Sterling plunged versus the Greenback on Monday during the after U.K. Prime Minister Boris Johnson failed to win parliamentary backing f

Written by: Arslan Butt • Monday, October 21, 2019 • 1 min read

• Last updated: Monday, October 21, 2019

The Sterling plunged versus the Greenback on Monday during the after UK Prime Minister Boris Johnson failed to win parliamentary backing for his Brexit deal. The focus continues to stay on the Sterling pairs. Moreover, the ECB also remain in highlights due to ECB rate decision later this week. Watch out for the trading levels.

EUR/USD – Technical Levels

Support Resistance

1.1133 1.1192

1.1094 1.1212

1.1035 1.1271

Key Trading Level: 1.1153

USD/JPY – Technical Levels

Support Resistance

108.28 108.63

108.15 108.85

107.8 109.2

Key Trading Level: 108.5

GBP/USD – Technical Levels

Support Resistance

1.2876 1.3025

1.2784 1.3081

1.2635 1.3229

Key Trading Level: 1.2932

GOLD – XAU/USD – Technical Levels

Support Resistance

1485.48 1494.12

1480.87 1498.15

1472.23 1506.79

Key Trading Level: 1489.51

WTI Crude Oil – Technical Levels

Support Resistance

53.01 54.54

52.09 55.16

50.56 56.69

Key Trading Level: 53.63

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ABOUT THE AUTHOR See More

Arslan Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.