Cable has paused in its strong down-trend after reaching lows of 1.4894.
Although the zone around 1.5000 level is a key psychological support level and likely to prop up the exchange rate, it has probably now been breached, and may even be transforming into resistance.
I do eventually expect the strong bearish trend to continue, and a break of the current 1.4894 lows would probably lead to a extension lower, perhaps to fairly significant historic support at 1.4805 initially.