I expect drops on this pair. The rate is at the upper limit of the channel, the increase after the last consolidation is almost realized plus a high RSI. After the weekend, the course can still go up and slightly break the upper limit of the channel. You should wait for a sales signal, a sudden return to the channel after a false break or a pro-down candlestick formation on the daily chart. I expect that in the first place the rate will fall to the area of the first support, 1.2050, which already has about 400 pips.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.