Let's look at the four-hour chart. Tenkan-sen line is below Kijun-sen, the lines are horizontal . Confirmative line Chikou Span has crossed the price chart from above, current cloud is descending. The instrument is trading below Tenkan-sen and Kijun-sen lines; the Bearish trend is still strong. One of the previous minimums of Chikou Span line is expected to be a support level (1.6961). One of the previous maximums of Chikou Span line is expected to be a resistance level (1.7025).

On the daily chart Tenkan-sen line has crossed Kijun-sen from above, the blue line is directed downwards, while the red one remains horizontal. Confirmative line Chikou Span is above the price chart, current cloud is ascending. The instrument is trading around lower border of the cloud. One of the previous minimums of Chikou Span line is expected to be a support level (1.6942). One of the previous maximums of Chikou Span line is expected to be a resistance level (1.7050).

On the four-hour chart the instrument is still falling. On the daily chart we can see a correction of the upward movement. It is recommended to open short positions at current price with the target at the level of previous minimum of Chikou Span line (1.6841) and Stop Loss at the lower border of the cloud (1.7040).