If on EUR/USD, the main variant of the markup is bullish, then on the pair in question the situation looks as if the price will go down in the near future. The reason for this is the fifth missing wave in the downward impulse, although it cannot be excluded that it has already formed and turned out to be small and unnoticeable.

The observed growth appears to be a corrective movement within the formation of wave 4. Within the nearest time, the upward movement may be over and the price will turn around and go back to conquer the previously established lows.

A breakdown of 1.2160 level may become a signal to make sell deals.

Recommendations: Sell 1.2160, SL 1.2185, TP 1.2030.