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 ascending. The instrument has entered the cloud. The closest support level is the lower border of the cloud (81.00). The closest resistance level is the lower border of the cloud (81.84).
On the daily chart Tenkan-sen line is below Kijun-sen, the lines are horizontal . Confirmative line Chikou Span is below the price chart, current cloud is descending. The instrument is trading between Tenkan-sen and Kijun-sen lines. The closest support level is Tenkan-sen line (80.51). The closest resistance level is Kijun-sen line (82.30).
On the four-hour chart the instrument is trading within the cloud. On the daily chart the Bearish trend is still strong. 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 81.00, with Take Profit at 79.40 and Stop Loss at 81.84; buy at the level of 81.84, with Take Profit at 84.25 and Stop Loss at 81.00.
Australian Dollar vs Japanese Yen
| Buy | Sell | Spread |
| 113.52 | 113.432 | 88 |
Scenario
| Time frame | Day's Range |
| Recommendations | SELL STOP |
| Entry Point | 81.00 |
| Take Profit | 79.40 |
| Stop Loss | 81.84 |
| Support levels | 80.51, 81.00, 81.84, 82.30 |
Alternative scenario
| Recommendations | BUY STOP |
| Entry Point | 81.84 |
| Take Profit | 84.25 |
| Stop Loss | 81.00 |
| Support levels | 80.51, 81.00, 81.84, 82.30 |
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