Cable having trouble breaking 1.486 level

Although the market had climbed up considerably, by 7am it started on a downtrend which has lasted up until now (7pm).
I don't know what will happen to it during this evenings session, but if it stays lower it could be a bearish candle pattern, bouncing off the pivot line.(see daily chart)
Intraday - the 5 minute chart brought a couple of short opportunities (see 5 min chart) but there didn't seem to be a great deal of volume in the market today. It could be that it's the summer slowdown - usually springs back to life in September time.
Saying that, I'd expect some movement tomorrow with the budget announcements (possible increase in VAT - who knows eh)