GBP/USD Technical Analysis: Cable at daily lows as focus turns to 1.3030 key support

GBP/USD daily chart

• GBP/USD is down for the second consecutive days as bulls failed to sustain the move above 1.3200 the figure.

GBP/USD 4-hour chart

• GBP/USD is trading below 1.3100 figure and its 200 SMA.

GBP/USD 30-minute chart

• GBP/USD is trading below its main SMAs suggesting bearish momentum in the short-term.
• If bears can break 1.3030 key support then 1.2990 and 1.2900 can be on the cards for bears.
• Immediate resistances are at 1.3070 and 1.3100 level.

Additional key levels