GBP/USD At weekly highs

GBP/USD is trading higher today, up with 0.24% on Trump-Juncker meeting with expectations for positive outcome on trade war talks. Currently the pair is trading at 1.3175 having marked a weekly high. Technically speaking the short-term outlook remains neutral to bullish. On the four hour time frame the price is developing above its bullish 20-day and 50-day SMAs and below the flat 100-day SMA which is acting as a first support just few pips higher. RSI is located at 62 and is aiming north, while stochastic has turned to the downside although remains above its mid-line. Strong bullish bias will be confirmed only if the pair conquers 1.3200 handle with next target 1.3230. The downside remains supported by 1.3155 and lower at 1.3100.