Previous lows of 1.5450 (reached on July 25), 1.5390 (reached on July 12) as well as 1.5267 (reached on June 1) were broken so quickly leading towards 1.5075 (the new weekly opening).
Tuesday's high at 1.5218 marks the upper limit of the current consolidation pattern above 1.5075. Hence, forming a lower high around 1.5215 indicating the bearish sentiment of the market today.
Nevertheless, the daily closure we got on Friday implies continuation of the sell-off afterwards provided that the pair remains below 1.5133 (Thursday's low). However, reconsolidation above 1.5133 enables the pair to make corrective bullish move towards 1.5225, 1.5270 and 1.5310 respectively.
Today the Cable is trading quietly, with movements at the upper limit of yesterday's range for the time being.
The technical indicators are neutral now, it's better to stay out of the market unless stabilization above 1.5220 takes place. Hence, confirming a small double buttom pattern on the 4H chart.
The first strong support will then be encountered at 1.5000 then 1.4855 if the current bearish movement remains intact this week.