The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 1.57050. The closest resistance is the level 1.57600

Key levels
- 1.58700, 1.58150, 1.57600, 1.57050, 1.56500, 1.55750
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 1.57050, with Take Profit of 1.56500 and Stop Loss of 1.57600
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1.57600, with Take Profit of 1.58150 and Stop Loss of 1.57050