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Let's look at the four-hour chart. Tenkan-sen line is above Kijun-sen, the lines are horizontal . Confirmative line Chikou Span is above the price chart, current cloud is going to reverse from descending to ascending. The instrument has broken through the cloud and slowed down its growth. The closest support level is the lower border of the cloud (0.7180). One of the previous maximums of Chikou Span line is expected to be a resistance level (0.7205).

            

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 is below the price chart, current cloud has reversed from ascending to descending. The instrument is trading between Tenkan-sen and Kijun-sen lines. The closest support level is Tenkan-sen line (0.7115). The closest resistance level is Kijun-sen line (0.7200).

Recommendation

It is recommended to open long positions at current price with the target at the level of previous maximum of Chikou Span line (0.7205) and Stop Loss at the upper border of the cloud (0.7180).