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GBPAUD POTENTIALLY 700+ PIP MOVE
British Pound / Australian Dollar
Long
GBPAUD POTENTIALLY 700+ PIP MOVE
By kacijackson
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Aug 17, 2020
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Aug 17, 2020
Looking at a potential 700+ PIP move to the upside on this pair.
Price has been trending down since March. It looks as though support has been found and price could be heading back to the upside.
On the daily, I'm anticipating a move up to at least the 38.2% level which is roughly 700 pips away.
I'm watching this one closely. I have not executed a position yet. Price could potentially pullback deeper before continuing up.
Fibonacci
Trend Analysis
Trend Lines
kacijackson
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