Market Overview: Sui/Yen (SUIJPY) 24-Hour Technical Summary

• SUIJPY traded lower with a 24-hour low of 527.05, closing near the session bottom at 528.0.
• Volatility expanded early in the session, with a peak range of 8.23 Yen, followed by a consolidation phase.
• Notable bearish divergence appears in volume and price action during the final 6 hours, signaling potential downside.
• RSI reached oversold territory near 30, suggesting potential for a short-term bounce, but momentum remains weak.
• Fibonacci retracement levels suggest 533.28 and 538.19 as potential near-term resistance if buyers re-enter.

Sui/Yen (SUIJPY) opened at 551.45 on 2025-10-06 12:00 ET and closed at 528.0 as of 2025-10-07 12:00 ET. The pair reached a high of 555.73 and a low of 527.05 during the 24-hour period. Total traded volume was approximately 184,619.1 units, with a notional turnover of $99,519,900.00 (assuming 1 JPY = $0.0089).

The 15-minute chart reveals a distinct bearish bias, marked by a sequence of lower highs and lower lows. A key support area appears around the 533–534 level, with a notable bearish engulfing pattern forming around the 14:30–15:30 ET timeframe. Resistance levels are identifiable at 544.0 and 546.81, both of which were rejected in prior swings. A doji at 542.99 during the 10:00 ET hour suggests indecision among buyers, possibly indicating a near-term pause in the downward trend.

Bollinger Bands show a significant expansion in the early hours, with price frequently testing the upper and lower bands before consolidating near the lower band during the final 12 hours. This contraction suggests a potential for a reversal or a continuation of the trend if volatility picks up again. RSI bottomed out near 30 by 8:00 ET and has remained in oversold territory, indicating a potential for a corrective rally, though momentum remains muted.

Moving averages on the 15-minute chart show the 20-period and 50-period lines both below the price, reinforcing the bearish bias. The 50-period line is at approximately 541.5, while the 20-period line is near 539.2. On the daily chart, the 50-period MA is at 546.8, the 100-period at 549.1, and the 200-period at 551.5 — all well above the current price, suggesting a prolonged bearish trend.

The MACD histogram turned negative early in the session and has remained below the signal line, indicating weak momentum. However, a narrowing of the histogram in the last 6 hours suggests a possible slowdown in the downward move. A bullish crossover in the MACD may signal a short-term reversal, but would need to be confirmed by volume.