On the Daily Chart, Tenkan-sen line is above the Kijun-sen line. Red-line is horizontal, while blue line is directed downwards. Confirmative line Chikou Span is crossing the price chart from below, current cloud is descending.
Instrument is trading below Tenkan-sen and Kijun-sen lines; bearish trend is still strong. One of the previous minimums of Chikou Span expected to be a support level (100.50). The closest resistance level is Kijun-sen line (103.50).
Recommended to open short positions @ current price with TP at the level of previous minimums of Chikous-span line (100.50) and SL @ the level of Kijun-sen line (103.50)