The situation on the pair in question is currently very similar to the one that is currently observed by the EUR/USD pair. After updating the local minimum, the price turned sharply and rushed up. Probably, in this way the formation of a correctional wave [IV] ended and the development of the wave [v] began.
The potential of movement in this wave looks quite promising, so you should look at the possibility of concluding the purchase transactions.
Investment idea: Buy 1.2160, Stop Loss 1.2138, Take Profit 1.2600.