GBPAUD POTENTIALLY 700+ PIP MOVE

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.