GBP/USD Technical Analysis: Cable hovering near 1.3000 figure

GBP/USD daily chart

• GBP/USD is trading in a bull trend above its 200-day simple moving avearge (SMA).

GBP/USD 4-hour chart

• GBP/USD is testing the 1.3000 figure.

GBP/USD 30-minute chart

• The market is trading below its main SMAs suggesting a bearish bias in the short-term. 
• 1.3000 is a key support and a breach of it would open the gates to 1.2950 level. 
• Alternatively, a bounce can see 1.3040 revisited.

Additional key levels