Market Overview for Stellar/Yen (XLMJPY) – 24-Hour Analysis as of 2025-11-07

• XLMJPY rallied to ¥42.50 in 24 hours, up 5.2% from ¥40.36 low.
• Volume surged to 12,899.5 on the session high, confirming bullish momentum.
• Key resistance at ¥42.50 and support at ¥41.01 identified via candle patterns.
• Price remains above 20- and 50-period moving averages on 15-min chart.

The Stellar/Yen pair (XLMJPY) opened at ¥40.36 on 2025-11-06 at 12:00 ET and surged to a 24-hour high of ¥42.50 before closing at ¥42.50 at 12:00 ET on 2025-11-07. Total volume amounted to 77,213.9 units, with notional turnover reaching ¥3,264,384.8. The pair displayed a strong bullish bias, with several candlestick formations and technical signals supporting the upward trajectory.

Structure & Formations

Key support levels emerged at ¥41.01 and ¥40.66, with the former acting as a critical psychological floor. Notable bullish formations included a bullish engulfing pattern around ¥40.91–¥41.14 and a bullish piercing line at ¥41.01–¥41.33. A small doji at ¥41.30–41.39 hinted at indecision before the final rally. Resistance is now at ¥42.50, with a 61.8% Fibonacci retracement from the ¥40.36–42.50 move at ¥41.81 acting as a near-term retest level.

Moving Averages

On the 15-minute chart, the 20-period MA and 50-period MA both remained bullish, with price above both lines throughout the session. The 20 MA crossed above the 50 MA earlier in the session, signaling a short-term bullish crossover. On the daily chart, the 50-period MA appears to have been recently tested at ¥41.40 and holds as potential dynamic support. The 200-period MA remains bearish but has been left behind as momentum builds.

MACD & RSI

MACD showed a strong positive divergence with the price, indicating a buildup in bullish momentum. RSI peaked at 68.4, suggesting the pair is approaching overbought territory but not yet extreme. RSI remains within a healthy range, suggesting the rally could continue unless overbought conditions trigger a pullback. The histogram shows expanding bullish momentum, particularly between ¥41.64 and ¥42.50.

Bollinger Bands

Price remained near the upper Bollinger Band for much of the session, particularly after ¥42.00, indicating high volatility and strong bullish pressure. The bands had widened significantly from ¥40.66–41.34 to ¥41.64–42.50, suggesting increased market participation and directional clarity. A retest of the upper band may see a potential correction.

Volume & Turnover

Volume spiked during the final rally, especially between ¥42.02 and ¥42.50, with a massive 12,899.5 units traded in the ¥42.25–42.4 range. Turnover increased in lockstep, confirming the strength of the move. However, a divergence in the final candle may signal caution, as the highest price came with no volume, suggesting a potential exhaustion point. Traders may watch for a confirmation or reversal at this level.

Fibonacci Retracements

The 38.2% and 61.8% retracement levels from the ¥40.36–42.50 swing came in at ¥41.34 and ¥41.81, respectively. Price retested ¥41.34 with a bullish outcome and is now hovering near the 61.8% level. These levels may serve as dynamic support if the rally halts or corrects. Further above, the 78.6% retracement is at ¥42.28, a potential short-term ceiling.

Backtest Hypothesis

Given the recent strength and bullish momentum, a potential backtest could focus on a MACD crossover strategy with RSI as a filter. For example, a long entry on a bullish MACD crossover (12,26,9) with RSI above 50, and an exit on a bearish crossover or RSI over 70. This approach would aim to capture directional moves like the ¥40.36–42.50 rally. However, due to the current limitations in data availability for XLMJPY, this strategy cannot be executed without a valid symbol. If we use an alternate pair, such as XLM/USD, similar conditions may apply with potentially different volatility and liquidity profiles.