Price has broken above the Cloud on a bullish twist, and we have a buy signal in place, confirmed by the lagging span. Price has tested the Daily R1 and is now retesting Cloud support and possibly the Daily pivot point at 8750. Traders who use this timeframe and are trendfollowers, could buy and trail a stop by the Kijun Sen (whtie line) and use it either on a touch or on a close below, which is the more common way. Still, price has to break through significant resistance by the daily Cloud around 9500, something to keep in mind. Conservative traders would like to see that level breached and a trend shift on the daily timeframe from bearish to neutral before looking to long the pair.
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