GBP/USD Technical Analysis: Cable erasing daily gains on Fed's Powell’s speech - Eyes on 1.3030 support

GBP/USD daily chart

• GBP/USD is trading above 1.3000 figure and its 100 and 200 SMAs. 
• Fed's Powell speech sent the USD higher across the board.

GBP/USD 4-hour chart

• GBP/USD rejected the 1.3100 figure and the 200 SMA.

GBP/USD 30-minute chart

• 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.

Additional key levels