Pound has lost momentum and turned bearish according to 4 hours charts, with current candle under 20 SMA and both indicators crossing their midline upside down and giving selling signals. At this point, pair needs to accelerate trough the 1.5110 support, to extend the fall towards the base of the daily ascendant channel, today at 1.5060 zone. Hourly charts show some signs of exhaustion, so we could see some upside short lived spikes before further falls.

Above 1.5160, and ahead of BOE decision, pair could reverse quickly and rise towards 1.5200/30 key resistance zone.

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