Yesterday’s trading day for this pair was also quite calm, similar to EUR/USD. The price didn’t make any sudden jumps, preferring to stay within the zone where it had traded previously. This type of trading is likely due to the development of a correction.
At the moment, it can be assumed that the correction is the second wave in an emerging upward impulsive movement. Once it completes, the price has quite favorable prospects for further strengthening, as the development of the third impulse wave is anticipated.
Thus, consider the possibility of concluding buy transactions at the current market values.
Investment idea: Buy 1.2235, Stop Loss 1.2200, Take Profit 1.2500.
Origin: FreshForex
