Scenario
Timeframe	Intraday
Recommendation	SELL
Entry Point	156.856
Take Profit	155.619
Stop Loss	157.209
Key Levels	155.002, 155.619, 157.209, 157.431

Let's look at the four-hour chart. Tenkan-sen line is below Kijun-sen, both lines are directed downwards. Confirmative line Chikou Span is below the price chart, current cloud is descending. The instrument is trading below Tenkan-sen and Kijun-sen lines; the Bearish trend is still strong. The closest support level is Tenkan-sen line (157.209). One of the previous maximums of Chikou Span line is expected to be a resistance level (155.619).

On the daily chart Tenkan-sen line is below Kijun-sen, both lines are directed downwards. Confirmative line Chikou Span is below the price chart, current cloud is ascending. The instrument is trading below Tenkan-sen and Kijun-sen lines; the Bearish trend is still strong. The closest support level is the upper border of the cloud (157.431). One of the previous maximums of Chikou Span line is expected to be a resistance level (155.002).

On the both charts the instrument is still falling. It is recommended to open short positions at current price with Take Profit at the level of previous minimum of Chikou Span line (155.619) and Stop Loss at the level of Kijun-sen line (157.209).

EUR/JPY: Ichimoku indicators analysis