Support at 1.5170 gives way and that's a very bad sign

Cable is in all sorts of trouble now that 1.5170 has been taken out

GBPUSD daily chart

Stay below here and we could be seeing another quick trip south to 1.50 or worse

I may get accused of being a perma-bull on the pound but you can't say I haven't been warning about this this week. I'd be wary of trying to step in front of this right now