- GBP/USD dropped about 45 pips after reaching a new weekly high at 1.3178.
- GBP/USD is now trading near the daily lows ahead of the anticipated Trump-Juncker meeting scheduled at 17:30 GMT.
- The outcome of the meeting is likely going to set the tone for most USD-related pairs.
GBP/USD 15-minute chart
Spot rate: 1.3148
Relative change: 0.03%
High: 1.3178
Low: 1.3132
Trend: Bearish / Risk of bullish reversal
Resistance 1: 1.3155 former breakout point
Resistance 2: 1.3200 figure
Resistance 3: 1.3230 supply level
Resistance 4: 1.3250 June 4 high
Support 1: 1.3100 figure
Support 2: 1.3049 June 28 low
Support 3: 1.3010 July 18 low
Support 4: 1.2957 current 2018 low
Support 5: 1.2908 September 5, 2017 low
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