GBP/USD Technical Analysis: Cable erasing daily gains

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.