Bullish from the downward channel marks the continuation of the rally from the Brexit day low. On the higher side, major resistance is seen around 1900-1910 levels (falling trend line resistance).
On the downside, only a daily close below 1800 would signal bullish invalidation.
The stock retreated from the critical resistance around the psychological figure of 1800 and was last seen trading around 1732.
The daily candle is now a bearish outside day.
A break below 1700 would open doors for a test of the falling channel floor seen today around 1573.
I think the UK housing market is still facing some uncertainty due to the Brexit referendum and so I still remain flat on the stock until article 50 is invoked. I do think short term the gap has to be filled on cable so would look for short term buys for technical value.
Hourly chart has -
Inverse flag and pole formation. This a continuation pattern which means a bearish break signals continuation the downtrend.
The hourly RSI has formed falling tops, which suggests the odds of prices moving towards a bearish break are high.