The Pair has formed a Double Bottom Pattern where the breakout is expected. Double Bottom is a reversal pattern, breakout in the pattern is upside.

The Pair is trading above the 10day EMA indicating short term positive move in the Index. We can expect the Index to trade above the 50 day EMA.

As per pattern the target should be of 1.02 points, which leads the Pair to a target of 1.33-1.35.

Maintaining a SL of 1% below the neckline is advised.

Rsi has also given a breakout supporting the price action.