Day highs were not able to sustain (1.4630 levels) and earlier has rejected resistance at 1.4678 levels.
During the intraday sessions (European trades) with sentiments mounting in the pair.
RSI: Currently, (14) trending below 57 levels converging to the price dips as this oscillator has been slightly bias, on closing basis movement should be closely watched if it suggests downward signals, on monthly term it's been adverse.
Stochastic: It alarms bears trying to take over the rallies as the slow noises with the %D line cross over above overbought levels (current %D line flashes at 72.6357).
On monthly terms, we could see the attempts of 7EMA crossing below 21EMA.
Hence, we would foresee GBP on weaker side ahead of this week's PMIs in the U.K and BoE's Carney's speech.
Cable has been closely observed as has reached a at 1.4678 and there would either be range bounded swings where upper band is 1.4632 which is maintaining as a resistance point while 1.4573 on south. Considering over these two strikes, one can buy boundary binaries on speculative mindset.