Market Overview for Dai (DAIJPY)

• DAIJPY breaks above prior resistance with a bullish continuation pattern forming late in the session.
• Strong volume accumulation supports the upward move, with turnover confirming price action.
• RSI remains in overbought territory, suggesting potential pullback risk ahead.
• Bollinger Bands show expansion, indicating rising volatility and active market participation.
• 15-min 20SMA crosses above 50SMA, signaling short-term bullish momentum.

Dai (DAIJPY) opened at 147.09 on 2025-08-24 and closed at 147.82 by 12:00 ET on 2025-08-25, with a high of 147.82 and a low of 146.81. Total volume over the 24-hour window was 220,432.209 units, with notional turnover reaching a significant 31,437,253.81 JPY.

Structure & Formations

The price action displayed a bullish continuation with a series of higher highs and higher lows forming after the key 147.00 level was broken out of. A strong bullish engulfing pattern appeared at 147.09–147.08 and was followed by a strong upward breakout. A late-session high of 147.82 represents a new swing high and could act as initial resistance for the next 24 hours.

Moving Averages

On the 15-minute chart, the 20SMA crossed above the 50SMA, confirming a short-term bullish bias. The daily chart shows a positive alignment with the 50SMA and 100SMA in support. Price is trading above the 200SMA, indicating a longer-term bullish trend is intact.

MACD & RSI

The MACD is positive and trending upward, confirming strengthening momentum. RSI is at 78, suggesting the market is overbought, which could lead to short-term consolidation or a retracement. However, if the trend holds, RSI may re-enter neutral territory with further price gains.

Bollinger Bands

Bollinger Bands have widened, reflecting increased volatility following the breakout. Price closed near the upper band, which reinforces bullish momentum but also signals that caution is warranted. A retest of the lower band could be expected if a pullback occurs.

Volume & Turnover

Volume spiked during the breakout from 147.00 to 147.40 and continued to climb during the final hours of the session. Notional turnover also increased significantly during this period, offering confirmation of the bullish price action. Divergence between price and volume was not observed, indicating solid conviction in the move.

Fibonacci Retracements

Fibonacci retracement levels applied to the key swing from 146.81 to 147.82 suggest the 38.2% level is at 147.55 and the 61.8% level is at 147.36. These levels may act as immediate support if a retracement occurs, with 147.55 potentially offering a buying opportunity for trend-followers.

The forward-looking view for the next 24 hours suggests that DAIJPY may consolidate near 147.50–147.60 if RSI correction occurs, with potential for a renewed rally if the 147.60 level holds. A breakdown below 147.36 could introduce short-term uncertainty. Investors should remain cautious as overbought conditions may trigger a retracement.