First thing that calls attention on the four-hour chart is the fact that the price has entered the cloud. After formation of the “Dead cross” the line Tenkan-Sen, which is below Kijun-Sen, is sharply heading down. However, Kijun-Sen is horizontal, so it is too early to expect a new trend. The line Chinkou Span has crossed the price chart from above to below; the lines Senko Span A and B have nearly converged in one point. Reversal of the cloud is expected. Resistance level is still the line on the Kijun-Sen (0.9811).
On the daily chart we can see correction of the ascending trend. The line Chinkou Span is above the price chart, current cloud is ascending. Tenkan-Sen is above Kijun-Sen is directed sharply upward. However the price is between Tenkan-Sen and Kijun-Sen, while the latter becomes the level of support (0.9647). Expected resistance level is the last extremum of the line Chinkou Span (0.9841).
Resistance levels are: 0.9811 and 0.9841.
Support level is: 0.9647.
It is recommended to wait for the reversal of the cloud on the four-hour chart or breakdown of one the cloud limits. In the long-term opening of the long positions is possible when the price exceeds the line Tenkan-Sen.