GBP/USD re-attempts 1.3300 amid risk-off

The GBP/USD pair wipes-out gains and wavers around 1.33 handle, as persisting risk-off sentiment overshadows slightly upbeat UK trade data.

GBP/USD heads towards 10-DMA at 1.3275

Currently, GBP/USD trades almost unchanged at 1.3301, moving-off session lows struck at 1.3288. The GBP/USD pair tries another attempt to rise above 1.33 handle amid persisting risk-off moods, triggered by extended sell-off in oil prices, which continues to hurt the sentiment around the risk currency GBP.

However, the downside remains cushioned on the back of a better UK trade report, which showed visible trade deficit shirking in July. Next in focus remains the Fed speak amid a data-light US docket ahead.

GBP/USD Levels to consider                           

The pair has an immediate resistance at 1.3334 (Sept 7 &5-DMA), above which 1.3377 (Sept 8 high) would be tested. On the flip side, support is seen at 1.3209 (20-DMA) below that at 1.3160 (50-DMA).