On the daily chart Tenkan-sen line is above Kijun-sen, both lines are directed upwards. Confirmative line Chikou Span is above the price chart, current cloud is ascending. The instrument is trading between Tenkan-sen and Kijun-sen lines. The closest support level is Kijun-sen line (104.88). One of the previous maximums of Chikou Span line is expected to be a resistance level (107.39).RecommendationOn the four-hour chart the instrument is still rising. On the daily chart the Bullish trend is still strong. It is recommended to open short positions at current price with Take Profit at the level of previous minimum of Chikou Span line (103.40) and Stop Loss at the level of Kijun-sen line (105.94).TradeScenario
