Let's look at the four-hour chart. Tenkan-sen line has crossed Kijun-sen from below, 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 has reversed from descending to ascending. The instrument has broken through the cloud and is still rising. The closest support level is the upper border of the cloud (1.7717). One of the previous maximums of Chikou Span line is expected to be a resistance level (1.7900).

On the daily chart Tenkan-sen line is below Kijun-sen, the red line is directed downwards, while the blue one remains horizontal. Confirmative line Chikou Span is approaching the price chart from below, current cloud is descending. The instrument has broken through Tenkan-sen and Kijun-sen lines. One of the previous minimums of Chikou Span line is expected to be a support level (1.7535). The closest resistance level is the upper border of the cloud (1.8069).

On the four-hour chart the instrument has broken through the cloud, forming a strong signal to buy. On the daily chart we can see the beginning of the trend reversal. It is recommended to open long positions at current price with Take Profit at the level of previous maximum of Chikou Span (1.8215) line and Stop Loss at the level of Kijun-sen line (1.7662).