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.

 
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: