
Yesterday GBP/USD found the support of the weekly pivot point at 1.2213. As long as the pair remains above this point, it has a chance to test higher levels.

Yesterday GBP/USD found the support of the weekly pivot point at 1.2213. As long as the pair remains above this point, it has a chance to test higher levels.
There's some optimism about the potential trade deal between America and China, but traders are still cautious. All in all, there are some interesting trade setups. Watch the video to learn more!
The escalation of the trade war between the US and China moved the Forex market at the beginning of the week…

USD/CHF tried to move higher last week but was stopped by the 100- and 200-week moving averages in the 0.9850 area.
USD/CNH rose to a new high as the trade war between the United States and China escalated once again.
What to expect this week

To gain the ability to head higher, towards 1.3445, USD/CAD needs to overcome 1.3355 (61.8% Fibo of the May-July decline).

The economic calendar for the upcoming week contains a number of important events…
The USD is supported by the strong retail sales figures. The GBP has also managed to recover. What will be the next moves of the key currencies?

USD/TRY met resistance near the line connecting 2019 highs in the 5.62 area. This is also where the 50-week MA is capping the price.
Get the technical and fundamental analysis for EUR/USD, USD/JPY, oil and more!

USD/MXN is quite used to sideways trading. Is it time to buy or sell?
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