Market Overview for Sui/Yen (SUIJPY)

Summary
• SUIJPY broke above a key 5-minute resistance at 216.64 during a high-volume bullish breakout.
• Momentum suggests a potential overbought condition with RSI peaking near 70.
• Volatility expanded as Bollinger Bands widened, reflecting strong buying pressure.
• A bullish engulfing pattern formed at 213.3 after a sharp 15-minute drop.
• Volume surged by over 10x in the 07:15–07:30 ET window, confirming a strong reversal.

At 12:00 ET–1, SUIJPY opened at 221.07 and closed at 224.92 at 12:00 ET, reaching a high of 227.68 and a low of 206.72. Total 24-hour volume was 309,589.49 with a turnover of 62,161,708.20. The pair displayed a strong reversal and consolidation into the final hours of the reporting period.

Structure & Formations

A sharp bearish drop between 19:00–20:00 ET saw SUIJPY fall to 207.12 before reversing via a bullish engulfing pattern at 213.3. Later, a powerful 15-minute candle at 07:15 ET–07:30 ET pushed the price up to 226.24 and confirmed a strong breakout above the 216.64 resistance. A key support area was identified between 210.74 and 211.04, showing resilience during earlier retracements.

Moving Averages

On the 5-minute chart, the 20-period MA crossed above the 50-period MA mid-day, forming a bullish crossover.

Daily MAs (50/100/200) showed a flattening trend, indicating a potential shift from a bearish to neutral bias as the price retested the 216.64 level.

MACD & RSI

The MACD line crossed above the signal line in early ET morning, signaling strengthening bullish momentum. RSI rose to 70 by the end of the reporting period, suggesting the price could face resistance or pull back into a more balanced range. Divergence between the RSI and price action was minimal, indicating strong alignment between price and momentum.

Bollinger Bands

Volatility expanded significantly in the afternoon and early evening, with the bands widening from 15 to 25 basis points. Price action remained above the upper band for an extended period, suggesting strong buying interest and potential for further upward extension, but with increasing probability of a retracement.

Volume & Turnover

The highest volume occurred between 07:15–07:30 ET, where 28,744.02 units traded and the pair surged to 226.24. This volume spike confirmed a breakout rather than a false signal. Turnover also peaked during this time, aligning with price and reinforcing bullish conviction.

Fibonacci Retracements

Applying Fibonacci to the 206.72–227.68 move, key retracement levels of 216.64 (61.8%) and 213.0 (78.6%) were tested and then broken. The 216.64 level acted as a psychological and technical threshold, which was decisively breached during the early morning ET session.

Market participants may watch for consolidation near 224.0–225.5 before the next move. A pullback to the 216.64 level could test whether the recent breakout is confirmed or a false signal. Investors should remain cautious of overbought conditions and potential short-term corrections.