GBPUSD in free fall, rate hike comments in question.

Yesterday after BoE's Governor Carney hinted that possibility of rate hike is much more lower than previously the GBPUSD plunged from what it was a great run to the heights of 1.4377 for more than a month, and this means also that it is on the border to exit the bullish flag zone if it goes below 1.4000 the next support. At the moment the price pivots around 1.4050, if it does not hold on 1.40 is next. It should be noted, investors would stay more on the side now, before we get more clarification for the future BoE policy and after decision announcement we will get clear direction of the movement of the price. GBPUSD potential is not lost thou and it should be supported by new buyers appearing below 1.4000. Good luck :) .

Risk warning!
---------------------------------------------------
Trading carries a high level of risk to your capital and may result in losses that exceed your initial deposit. You should first be aware of the risk and know what you do before you proceed with trading. Supplied information is not advice.

Comment:

GBPUSD ended exactly on the support at 1.4000. Risk may be better suited in the new week, possible recovery more due to risk on and not solely on GBP strength.