Let's look at the four-hour chart. Tenkan-sen and Kijun-sen lines have merged, the red line is directed upwards, while the blue one remains horizontal. Confirmative line Chikou Span is approaching the price chart from above, current cloud is ascending. The instrument has broken through Tenkan-sen and Kijun-sen lines. The closest support level is Tenkan-sen line (108.676). One of the previous maximums of Chikou Span line is expected to be a resistance level (109.320).

On the daily chart Tenkan-sen line has crossed Kijun-sen from below, the lines are horizontal . Confirmative line Chikou Span is approaching the price chart from above, current cloud is ascending. The instrument has entered the cloud. Borders of the cloud serve as the closest support (106.802) and resistance (110.245) levels

On the four-hour chart the instrument is still rising. On the daily chart we can see a correction of the upward movement. It is recommended to open long positions at current price with Take Profit at the level of previous maximum of Chikou Span (109.690) line and Stop Loss at the level of Kijun-sen line (108.732).