GBP/USD bounces-off 1.3000, still below 5-DMA

The GBP/USD pair is seen fluctuating between gains and losses in the late-Asian trades, although manages to keep 1.30 handle as the major awaits fresh impetus from the session ahead.

GBP/USD awaits fresh triggers

Currently, GBP/USD trades almost unchanged at 1.3011, recovering a brief dip just below 1.30 barrier. The major trade choppy in a 30-pips tight range, unable to find a clear direction amid a lack of fresh fundamental drivers and holiday-thinned trades.          

Moreover, below estimates UK RICS House price index data and lower oil prices continue to cap any upside attempt in the cable. Looking ahead, all eyes remain on the US jobless claims and import prices data for fresh direction on the spot.

GBP/USD Levels to consider                           

The pair has an immediate resistance at 1.3028/32 (5-DMA/ daily pivot), above which 1.3118 (10-DMA) would be tested. On the flip side, support is seen at 1.3000 (round number) below that at 1.2957 (Aug 9 low).