The initial diagonal triangle is also likely to be developing on the pair in question. But unlike the euro, where the formation of the third wave of this model is expected, here everything is already going to completion. The price, after a slight growth will begin to decline and will complete the formation of the diagonal.

The expected trajectory of the price movement in the next few days is shown on the above chart. Based on it, it is not recommended to take any trading actions, as there is a high probability of short multidirectional jumps.

Recommendations: flat.