Market Overview for Sei/Yen (SEIJPY)

Summary
• Price dropped from 19.84 to 19.33 amid a sharp bearish trend and high volume.
• Key support appears near 19.33–19.34 with a potential reversal formation forming.
• RSI and MACD signal oversold conditions, hinting at possible near-term bounce.
• Volatility has expanded, with price hovering near the lower Bollinger Band.

At 12:00 ET on 2026-01-05, Sei/Yen (SEIJPY) opened at 19.84, peaked at 19.85, bottomed at 19.33, and closed at 19.43. Total traded volume was 193,425.0, with a notional turnover of 3,850,605.74 over the 24-hour period.

Structure & Key Levels

Price has formed a strong bearish bias, dropping from 19.85 to a near daily low of 19.33. A potential reversal may be forming near 19.33–19.34, where price paused before rebounding.

The 20-period 5-min moving average is bearish, sloping downward, and the 50-period line is approaching from above, suggesting short-term bearish momentum could persist.

Trend Indicators & Momentum

MACD has turned negative and remains bearish, with a narrow histogram suggesting slowing momentum. RSI has dipped into oversold territory (~25), indicating the price could consolidate or retrace toward 19.40–19.45 in the near term. However, divergence between price and momentum indicators has yet to confirm a reversal.

Volatility and Volume Analysis

Bollinger Bands show a recent widening, consistent with increased volatility. Price has been trading near the lower band, reinforcing oversold conditions. Volume has surged during the selloff, particularly in the 19:00–01:00 ET timeframe, but has started to moderate. A rise in volume during a potential rebound would strengthen bullish signals.

Fibonacci Retracements

The most recent 5-min swing from 19.85 to 19.33 shows 38.2% and 61.8% retracement levels at 19.55 and 19.48, respectively. Price is currently hovering near the 61.8% level, which may act as a magnet for near-term buying interest.

Outlook and Risk

Price appears to be consolidating after the sharp drop, with a potential rebound toward 19.45–19.50 possible in the near term. Traders should watch for a bullish confirmation at 19.46 (Fib level) and divergence in RSI. However, the risk remains that bearish momentum could reassert, particularly if volume fails to pick up on a rebound.