Market Overview for Sui/Yen (SUIJPY) – October 13, 2025 (24-Hour)

• SUIJPY opened at 407.88, surged to 445.32, then closed at 438.1 with total volume of 625,452.6 and turnover of $274,523,529.
• A strong bullish breakout above 430.0 was followed by consolidation and a retest of key support.
• MACD and RSI suggest fading momentum as price hovers near 20-period MA and upper Bollinger band.
• Volume surged during 091500–144500 ET with price action forming a potential bearish continuation pattern.

Opening Narrative

Sui/Yen (SUIJPY) opened at 407.88 on October 12 at 12:00 ET, rallied to an intraday high of 445.32, and closed at 438.10 at 12:00 ET the next day. Total volume across 96 15-minute candles reached 625,452.6, with notional turnover of $274,523,529, reflecting active participation and heightened volatility in the mid to late morning session.

Structure & Formations

Price formed a sharp bullish breakout above 430.0 in the early session, with a subsequent retest forming a potential bearish continuation pattern. Notable support appears at 428.0 and 424.0, while key resistance holds near 436.0 and 440.0. A long upper shadow near 445.32 suggests rejection at higher levels, while a morning star pattern near 428.0 hints at potential consolidation ahead.

Moving Averages

The 20-period MA on the 15-minute chart rose from 419.0 to 433.2, suggesting continued upward bias. The 50-period MA lagged but aligned with the 20-period around 433.2, indicating a potential convergence of medium-term support and resistance. On the daily chart, the 200-period MA likely resides below current price, supporting a bullish bias in the broader trend.

MACD & RSI

The MACD line crossed above the signal line in the morning (golden cross), suggesting momentum support for the breakout. However, by 14:45 ET, the MACD had begun to diverge from price, hinting at fading upside momentum. The RSI reached overbought territory at 75+ during the 091500–104500 ET window but has since corrected toward neutral levels (~58), signaling potential exhaustion in the rally.

Bollinger Bands

Volatility expanded sharply in the early session, with price peaking near the upper band at 445.32. By late morning, the bands had begun to contract, suggesting a potential shift toward range-bound trading. Price has since settled near the midline of the bands, indicating a lack of directional bias for now.

Volume & Turnover

Volume spiked during 091500–144500 ET, coinciding with the breakout and consolidation phase. Turnover surged in tandem, confirming the strength of the move. However, volume began to wane after 14:45 ET as price retreated from overbought levels, indicating waning conviction in the upward move.

Fibonacci Retracements

Key Fibonacci levels on the recent 15-minute swing (from 428.0 to 445.32) include 435.0 (38.2%) and 439.0 (61.8%). Price has tested the 61.8% level and appears to find resistance there. On the daily chart, a 61.8% retracement of the prior week’s move lies at 430.0, which has now become a critical pivot point.

Backtest Hypothesis

Given the recent golden cross event and overbought RSI, a potential strategy could involve buying on the cross and holding for five days. This approach aligns with the observed momentum and could be evaluated using historical SUIJPY data from 2022 to today. However, the lack of confirmed MACD data and an unclear ticker symbol (SUIJPY) currently limits direct backtesting. Once the correct symbol is confirmed—whether it is an actual Sui/Yen pair or a mislabeled forex pair like CHFJPY—a precise analysis can proceed.