Let’s look at the four-hour chart. Tenkan-sen line has crossed Kijun-sen from above, indicating new wave of the downward movement. Chinkou Span line is below the price chart; current Kumo-cloud is descending. The pair has broken down the cloud and is still falling. Tenkan-sen line is the closest resistance level (0.9816). The next obstacle for the price on its way down will be one of the previous minimums of Chinkou Span line (0.9725).
On the daily chart Tenkan-sen line is above Kijun-sen, both lines are horizontal. Chinkou Span line is above the price chart; current Kumo-cloud is ascending. The pair is being corrected after a long rise. Tenkan-sen (0.9873) and Kijun-sen (0.9720) lines have become resistance and support levels respectively.
Support levels: 0.9725, 0.9720.
Resistance levels: 0.9816, 1.9873.
On the four-hour chart the trend has reversed downwards and we’ve got a signal to sell. On the daily chart we can see a correction of the upward movement. Short-term sell positions can be opened at current price with targets at 0.9720.