For this pair, I am using the advanced Ichimoku techniques i.e. wave/time/price analysis. We have an N wave or 123 pattern being formed. At the same time, we have reached Kihon Suchi. We have a few possible target price levels. This is the start of a new bullish trend and so the basic stuffs on Ichimoku are not very relevant for this pair. There is a good risk to reward ratio of 1:2.