Let's look at the four-hour chart. Tenkan-sen line is above Kijun-sen, the lines are horizontal . Confirmative line Chikou Span is above the price chart, current cloud is ascending. The instrument is trading between Tenkan-sen and Kijun-sen lines. One of the previous minimums of Chikou Span line is expected to be a support level (1.1024). The closest resistance level is the lower border of the cloud (1.0874).

On the daily chart Tenkan-sen line is above Kijun-sen, the red line is directed upwards, while the blue one remains horizontal. Confirmative line Chikou Span has crossed the price chart from below, current cloud is going to reverse from ascending to 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 (1.1025). The closest resistance level is the upper border of the cloud (1.0875).

It is recommended to open long positions at current price with Take Profit at the level of previous maximum of Chikou Span (1.1024) line and Stop Loss at the level of Kijun-sen line (1.0874).