GBP/USD 1.3000 Test in Cable

GBP/USD continued the pullback in early-trade this morning, with a bounce showing two pips above the psychological 1.3000 level. This could remain as an area of interest for USD-weakness scenarios, but bulls aren't out of the woods yet, as prior support from 1.3050-1.3058 presents an opportunity for sellers to show a lower-high.

If that happens - reading the reaction will remain key as continued defense of 1.3000 keeps the door open for buyers on a bigger picture basis.