Technically the in the 4 hour chart is indicating downwards, and the 55, 30 and 20 MA’s are also pointing towards downwards. Overall the technical indicators are depicting further downtrend for this pair.
To the upside, the strong resistance can be seen at 1.5222, a break above this level would expose the cable to next at 1.5280.
To the downside immediate support can be seen at 1.5084, a break below at this level will open the door towards next level at 1.5025.
Recommendation: Go short around 1.5155/1.5180, targets around 1.4960/1.4940, SL 1.5280
Support levels: 1.5084 1.5025 1.4972
Resistance levels: 1.5156 1.5222 1.5281