Cable’s failed to capitalize on a bullish break from falling trend line on hourly + 1.4468 (23.6% of 1.4770-1.4374). Prices were rejected earlier today at 5-SMA (daily) plus failure to sustain above 1.4468 also marked a failure to sustain above hourly 50-MA.
This indicates we may head back to 1.4374 levels (daily low), unless we see prices see another hourly close above 1.4468, in which case 1.45-1.4549 stands exposed.