GBPUSD broke below 1.4950 support, and the downward movement from 1.7190 (Jul 15, 2014 high) extended to as low as 1.4698. Further decline could be expected after a minor consolidation, and next target would be at 1.4000 area. Resistance is at 1.5300, only break above this level could signal completion of the downtrend.
