The situation for this pair is similar to what is currently forming in EUR/USD. The attempt to rise was unsuccessful, but it was likely just a test and preparation for further rapid movement, where an extension in the third wave of the impulse may form.

If this assumption proves correct, we could see significant impulsive growth. The possible trajectory of price movement is outlined schematically on the chart above. The potential is indeed very promising, so it is recommended to consider entering buy trades at current market levels.

Recommendations: Buy at 1.2575, SL 1.2550, TP 1.2820.