GBP/USD Technical Analysis: Cable back into the daily range above 1.3140 level

• 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