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STERLING_PIPS

GBP/USD Technical Analysis: Cable erasing daily gains

British Pound / U.S. Dollar (OANDA:GBPUSD)  
STERLING_PIPS  
OANDA:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators
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trendanalysis chartpattern indicator
GBP/USD is trading below its 50 SMA suggesting a correcting down in the short-term.
The slide might be limited to 1.3030 support while bulls can still lift the market towards 1.3070 and 1.3100 if they gather enough steam.
On the flip side, a breach below 1.3030 can open the gates to 1.2950 level.
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