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 below the price chart, 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 (163.077). One of the previous maximums of Chikou Span line is expected to be a resistance level (164.577).

On the daily chart Tenkan-sen and Kijun-sen lines have merged, the red line is directed downwards, while the blue one remains horizontal. Confirmative line Chikou Span is above the price chart, current cloud is ascending. The instrument has been corrected to the Tenkan-sen line. The closest support level is the lower border of the cloud (160.887). One of the previous maximums of Chikou Span line is expected to be a resistance level (166.422).

On the four-hour chart we can see a correction of the downward movement. 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 (164.250) line and Stop Loss at the level of Kijun-sen line (163.252).