Yesterday’s trading day on the pair in question turned out to be similar to what we saw on EUR/USD. The price also started to grow and managed to update the current local maximum, after which the opponents became active and started to bring the price back.

It looks not critical for the buyers at the moment. It is possible that an internal correction is developing in the emerging upward movement. Then, a strong upward impulsive movement is still expected to complete the formation of wave [v], and with it the entire impulse structure.

Recommendations: Buy 1.2730, SL 1.2700, TP 1.3000.