The currency pair is trading at 1.2156 above the Ichimoku Cloud, suggesting an uptrend. A test of the upper border of the Cloud at 1.2095 is expected, followed by growth to 1.2305. An additional signal supporting the growth can be a bounce off the lower border of the ascending channel.
The scenario can be canceled by a breakaway of the lower border of the Cloud and securing under 1.2015, which will entail further falling to 1.1925.
Orgin: RoboForex
