Let's look at the four-hour chart. Tenkan-sen line is above Kijun-sen, the red line is directed upwards, while the blue one remains horizontal. Confirmative line Chikou Span is crossing the price chart from below, current cloud is descending. The instrument has entered the cloud. Borders of the cloud serve as the closest support (108.621) and resistance (109.406) levels

On the daily chart Tenkan-sen line is above Kijun-sen, the lines are horizontal . Confirmative line Chikou Span is above the price chart, current cloud is ascending. The instrument has been corrected to the Tenkan-sen line. One of the previous minimums of Chikou Span line is expected to be a support level (108.309). One of the previous maximums of Chikou Span line is expected to be a resistance level (110.142).

On the four-hour chart we've got a signal of trend reversal from descending to ascending. On the daily chart the Bullish trend is still strong. It is recommended to open long positions at current price with Take Profit at the level of previous maximum of Chikou Span (111.085) line and Stop Loss at the level of Kijun-sen line (108.608).