Let's look at the four-hour chart. Tenkan-sen line is crossing Kijun-sen from below, the blue line is directed downwards, while the red one remains horizontal. Confirmative line Chikou Span is approaching the price chart from below, current cloud is descending. The instrument is trading above Tenkan-sen and Kijun-sen lines; the Bullish trend is still strong. One of the previous minimums of Chikou Span line is expected to be a support level (112.494). The closest resistance level is the upper border of the cloud (114.100).

On the daily 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 below Tenkan-sen and Kijun-sen lines; the Bearish trend is still strong. The closest support level is the upper border of the cloud (112.300). One of the previous maximums of Chikou Span line is expected to be a resistance level (114.724).

It is recommended to open long positions at current price with Take Profit at the level of previous maximum of Chikou Span (114.100) line and Stop Loss at the level of Kijun-sen line (112.494).