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.

Flavio Tosti Independent Analyst

GBP/USD 4-hour chart

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

Author

Flavio Tosti

Independent Analyst

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