Market Overview for SUIJPY (Sui/Yen) - 24-Hour Analysis

• SUIJPY opened at 518.95 and traded in a broad range between 518.95 and 537.1.
• A strong bullish breakout above 530.0 was confirmed, with price closing at 537.1.
• Momentum accelerated after 19:00 ET, with volume spiking near key resistance.
• RSI and MACD showed overbought conditions by 03:30 ET, suggesting potential pullback.
• Bollinger Bands widened after 22:00 ET, reflecting heightened volatility.

Sui/Yen (SUIJPY) opened at 518.95 on 2025-10-02 at 12:00 ET and closed at 537.1 by the same time on 2025-10-03. The pair hit a high of 537.1 and a low of 518.95 during the 24-hour window. Total traded volume was 450,000.03 units, with a notional turnover of ¥197,752,829.77. Price action showed a clear bullish tilt, with momentum building toward the end of the cycle.

Price formed several key formations, including a bullish engulfing pattern from 18:45 to 19:00 ET and a potential harami pattern at 21:45 ET. Resistance levels were found at 530.0, 535.0, and 537.1, while support levels emerged at 525.0 and 520.0. The 15-minute chart showed SUIJPY closing above its 20-period and 50-period moving averages, with the 50SMA acting as a dynamic support line during pullbacks.

The MACD crossed above the zero line around 19:00 ET, confirming bullish momentum, while the RSI moved into overbought territory above 70 by 03:30 ET. This suggests a possible pause or consolidation ahead. Bollinger Bands expanded after 22:00 ET, reflecting heightened volatility. Price spent most of the session outside the upper band between 19:00 and 03:00 ET, indicating strong bullish pressure.

Volume spiked significantly near key resistance levels, particularly at 530.0 and 535.0, confirming buying interest. Turnover mirrored volume patterns, with the highest notional value recorded during the 19:00 to 22:00 ET period. A divergence between price and RSI appeared near 05:30 ET, hinting at potential near-term exhaustion. Fibonacci retracements suggested 525.0 and 518.95 as key support levels from the recent swing high of 537.1.

A potential backtest hypothesis could be based on the convergence of the 20SMA and 50SMA with bullish candlestick patterns near key Fibonacci levels. The strategy could involve entering long positions when SUIJPY closes above the 50SMA and forms a bullish engulfing or morning star pattern at 61.8% or 78.6% Fibonacci retracement levels. Stops could be placed below the prior swing low, and take-profit targets could be set at the next Fibonacci extension level or above the most recent Bollinger Band high.