Let's look at the four-hour chart. Tenkan-sen line is above Kijun-sen, the lines are horizontal . Confirmative line Chikou Span is crossing the price chart from below, current cloud is descending. The instrument has entered the cloud. One of the previous minimums of Chikou Span line is expected to be a support level (1.9111). One of the previous maximums of Chikou Span line is expected to be a resistance level (1.9185).

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 has crossed the price chart from below, current cloud is descending. The instrument is trading around lower border of the cloud. One of the previous minimums of Chikou Span line is expected to be a support level (1.9246). The closest resistance level is Tenkan-sen line (1.9049).

On the four-hour chart we can see a correction of the downward movement. On the daily chart we can see a correction of the downward movement. It is not recommended to open positions at current price. Pending orders should be placed at the cloud’s borders: sell at the level of 1.9169, with Take Profit at 1.8371 and Stop Loss at 1.9416; buy at the level of 1.9416, with Take Profit at 1.9169 and Stop Loss at 2.0025.