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.
