GBP/USD Technical Analysis: Cable hits daily highs as Trump expect positive outcome on trade war talks

• GBP/USD is back near the 1.3175 level after Trump said: We expect something very positive on trade with Europe.  
• GBP/USD bullish bias remains in place as GBP/USD  is trading at weekly highs and above all its main simple moving averages (50, 100 and 200 SMA).  
• Targets to the upside are likely located near the 1.3200 and 1.3230 levels while supports are seen near 1.3155 and 1.3100.

GBP/USD 15-minute chart  

Spot rate:               1.3175
Relative change:    0.24%      
High:                      1.3181
Low:                       1.3132

Trend:                    Bearish / Risk of bullish reversal

Resistance 1:        1.3200 figure
Resistance 2:        1.3230 supply level
Resistance 3:        1.3250 June 4 high  

Support 1:             1.3155 former breakout point
Support 2:             1.3100 figure  
Support 3:             1.3049 June 28 low
Support 4:             1.3010 July 18 low
Support 5:             1.2957 current 2018 low
Support 6:             1.2908 September 5, 2017 low