Let's look at the four-hour chart. Tenkan-sen and Kijun-sen lines have merged, the lines are horizontal . Confirmative line Chikou Span is below the price chart, current cloud is descending. The instrument has entered the cloud. The closest support level is the upper border of the cloud (33.0337). One of the previous maximums of Chikou Span line is expected to be a resistance level (33.6860).

On the daily chart Tenkan-sen line is below Kijun-sen, the lines are horizontal . Confirmative line Chikou Span is below the price chart, current cloud has reversed from descending to ascending. The instrument has entered the cloud. The closest support level is Tenkan-sen line (33.0347). The closest resistance level is Tenkan-sen line (34.1141).

On the four-hour chart we can see a correction of the downward movement. On the daily chart the instrument is trading within the cloud. It is recommended to open short positions at current price with the target at the level of previous minimum of Chikou Span line (36.1187) and Stop Loss at the lower border of the cloud (32.6382).