Let's look at the four-hour chart. Tenkan-sen line has crossed Kijun-sen from above, the lines are horizontal . Confirmative line Chikou Span is crossing the price chart from above, current cloud is ascending. The instrument has been corrected to the Tenkan-sen line. The closest support level is Tenkan-sen line (165.261). The closest resistance level is Tenkan-sen line (166.111).

On the daily 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 is above the price chart, current cloud has reversed from descending to 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 (163.904). One of the previous maximums of Chikou Span line is expected to be a resistance level (166.478).

It is recommended to open long positions at current price with Take Profit at the level of previous maximum of Chikou Span (174.860) line and Stop Loss at the level of Kijun-sen line (162.554).