GBP/USD Technical Analysis: GBP/USD trading near daily highs near 1.3150 level

• GBP/USD is having a pullback after trading near the daily highs as it found resistance a few pips below the 1.3155 resistance level.
• Nothing indicates that the bullish pressure should abate. The 50 and 100-period simple moving averages (SMA) crossed above the 200 SMA confirming the current bullish bias. 
• The key resistance to the upside is the 1.3155 level followed by the 1.3200 figure while support is likely located near 1.3100-1.3076 area.

GBP/USD 15-minute chart 

Spot rate:               1.3141
Relative change:    0.3%     
High:                      1.3153
Low:                       1.3097

Trend:                    Bearish / Bullish correction

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:             1.3100-1.3076 area, figure and weekly low
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