Cable has resumed its longer-term down-trend and pushed lower, moving towards the next target for the pair situated at the 1.4600 round-number. Those not already in a trade might wish to enter at a re-break of today's lows at 1.4657. Trade size should be kept minimal, however, given the huge event risk on the horizon in the form of the FOMC today.
Once the 1.4600 level has been met confirmation of further downside might come from a break below that level including a 15-point margin – so below 1.4585 - with a run then down to the next target at 1.4500, expected.