The cross extends recovery leg from 129.23 (08 May low) into third consecutive day, but fresh bulls face strong headwinds from tough barriers at 130.68 (base of thick daily / 4-hr clouds, reinforced by falling 10SMA / daily Tenkan-sen).
Risk of recovery stall exists as thick daily cloud weighs heavily; MA’s remain in firm bearish configuration and momentum is weakening.
On the other side, penetration into daily cloud would generate initial bullish signal for extended recovery, which requires break and close above 130.85 (Fibo 38.2% of 133.48/129.23 bear-leg) for confirmation.
The pair may hold extended consolidation under daily cloud and keep bullish near-term bias while the downside stays protected by top of thick rising hourly cloud (spanned between 130.38 and 130.00).
Bearish scenario needs confirmation on break and close below psychological 130 support.
Res: 130.68; 130.85; 131.28; 131.64
Sup: 130.38; 130.00; 129.82; 129.60
