GBP/USD Technical Analysis: Cable is back below 1.2900 figure as Brexit agreement is still not reached
|- GBP/USD is trading in a bear trend above the 200-period simple moving average on the 4-hour chart.
- GBP/USD is back below the 1.2900 figure as Barnier said that Brexit agreement is still not reached. Technical indicators suggest a bearish bias.
- Resistances to the upside are seen near 1.2900, 1.2957 (July 19 low, key level) and 1.3000 figure while supports are seen near 1.2854 October 29 and 1.2800 figure.
Main trend: Bullish
Resistance 1: 1.2900 figure
Resistance 2: 1.2921 October 4 low
Resistance 3: 1.2957 July 19 low, key level
Resistance 4: 1.3000 figure
Support 1: 1.2854 October 29 low
Support 2: 1.2800 figure
Support 3: 1.2755 demand level
Additional key levels at a glance:
GBP/USD
Overview:
Last Price: 1.2863
Daily change: -1.1e+2 pips
Daily change: -0.817%
Daily Open: 1.2969
Trends:
Daily SMA20: 1.2978
Daily SMA50: 1.3032
Daily SMA100: 1.3034
Daily SMA200: 1.3403
Levels:
Daily High: 1.3073
Daily Low: 1.2958
Weekly High: 1.3176
Weekly Low: 1.2958
Monthly High: 1.326
Monthly Low: 1.2696
Daily Fibonacci 38.2%: 1.3002
Daily Fibonacci 61.8%: 1.3029
Daily Pivot Point S1: 1.2928
Daily Pivot Point S2: 1.2886
Daily Pivot Point S3: 1.2813
Daily Pivot Point R1: 1.3042
Daily Pivot Point R2: 1.3115
Daily Pivot Point R3: 1.3156
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