“¢  US-China trade war fears keep the USD bulls on the defensive and helped regain positive traction.   “¢  Any fresh Brexit headlines might continue to influence sentiment surrounding the British Pound.   “¢  All eyes remain glued to the latest US monthly jobs report and any fresh trade-related developments. The GBP/USD pair continued with its steady climb from the 1.3200 neighborhood and refreshed session tops in the last hour. The pair stalled overnight retracement from 1-1/2 week tops, led by a Bloomberg report claimed that Germany sees the UK PM Theresa May’s customs plan as unworkable, and seems to have found decent support near the 1.3200 handle.  After yesterday’s modest rebound, supported by upbeat US ISM non-manufacturing PMI and the latest FOMC meeting minutes, escalating US-China trade conflict kept the US Dollar bulls on the defensive and assisted the pair to catch some fresh bids on the last trading day of the week.  The new US tariffs on $34 billion worth of Chinese imports took effect on Friday, with the latter retaliating by applying tariffs to the same value of US goods at the same rate and risking a potential full-blown trade war between the world’s two largest economies. It, however, remains to be seen if the pair is able to extend the ongoing positive momentum or once again meet with some fresh supply as market participants now look forward to the Friday’s crunch Brexit meeting at Chequers.  Apart from any fresh Brexit headlines, the release of US monthly jobs report (NFP) would influence the USD price dynamics and also help traders grab some meaningful trading opportunities later during the early North-American session. Technical levels to watch The 1.3275 level (overnight swing high), closely followed by the 1.3300 handle could act as immediate hurdles, above which the pair is likely to aim towards testing its next resistance near the 1.3330-35 region. On the flip side, a sustained weakness below the 1.3200 handle is likely to accelerate the fall towards 1.3140 horizontal support before the pair eventually drops below the 1.3100 mark and aim towards testing YTD lows near mid-1.3000s.  FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD sticks to gains near 1.1715 ahead of US NFP FX Street 4 years   "¢  US-China trade war fears keep the USD bulls on the defensive and helped regain positive traction.   "¢  Any fresh Brexit headlines might continue to influence sentiment surrounding the British Pound.   "¢  All eyes remain glued to the latest US monthly jobs report and any fresh trade-related developments. The GBP/USD pair continued with its steady climb from the 1.3200 neighborhood and refreshed session tops in the last hour. The pair stalled overnight retracement from 1-1/2 week tops, led by a Bloomberg report claimed that Germany sees the UK PM Theresa May's customs plan as… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.