Market Overview: SEIJPY Faces Pullback Pressure After 24-Hour Rally

Summary
• SEIJPY broke above 23.00, forming a bullish engulfing pattern near key resistance.
• Volatility expanded after 18:00 ET, with volume surging 700% in the 20:15–20:30 ET window.
• RSI hit overbought levels above 75, suggesting potential pullback risk.
• Price closed near 21.00 at 12:00 ET, down from the 23.79 intraday high.
• 20-period MA turned downward, signaling short-term bearish pressure.

Sei/Yen (SEIJPY) opened at 21.85 on 2025-12-10 at 12:00 ET, surged to 23.79, and closed at 21.00 by 12:00 ET. Volume totaled 293,060 units, with notional turnover reflecting significant intraday swings.

Structure & Formations

The price formed a engulfing pattern around 23.00, followed by a sharp pullback. Key support levels emerged near 21.00 and 20.88, with a bearish reversal candle observed at 23.16. A daily bearish trend appears to have reasserted control.

Volatility and Momentum

Bollinger Bands expanded sharply from 18:00 ET as volatility increased. The RSI reached overbought territory above 75, indicating potential exhaustion. MACD crossed into negative territory after a brief bullish divergence, signaling waning momentum.

Volume and Turnover

Volume spiked to 27,984 units between 20:15–20:30 ET, confirming a failed breakout at 23.79. Notional turnover aligned with price moves, though divergence appeared in the 00:00–02:00 ET window, as prices declined on moderate volume.

Fibonacci Retracements

The pullback from 23.79 to 21.00 aligned with 61.8% Fibonacci levels, suggesting a possible retest of 20.88. Daily Fibonacci retracements may target 20.50 as a potential short-term floor.

Moving averages turned downward on the 5-minute chart, reinforcing bearish bias. Investors should monitor for a breakdown below 20.88, which may trigger a reacceleration toward 20.50. Short-term traders should watch for a rebound into overbought RSI territory as a potential sell trigger.