Market Overview for POL/Yen (POLJPY) as of 2025-10-08

• POL/Yen opened at 35.8 and closed at 36.39, forming a 1.01% bullish close.
• Price broke a consolidation pattern with a bullish breakout above 36.27–36.35.
• RSI and MACD showed bullish momentum, with RSI near neutral and MACD trending higher.
• Volume surged in key bullish clusters at 36.27–36.39 and 36.52–36.59, confirming strength.
• Volatility expanded during the session, with Bollinger Bands widening as price moved higher.

Market Opening and Key Statistics

POL/Yen (POLJPY) opened at 35.8 on 2025-10-07 12:00 ET and closed at 36.39 by 12:00 ET on 2025-10-08. The pair reached a high of 36.61 and hit a low of 35.8 over the 24-hour period. Total volume amounted to 87,754.8 units, with a notional turnover of approximately 3,182,735.44 (calculated as sum of amount × price across all candles). The price appears to be gaining directional clarity after a period of consolidation.

Structure & Key Levels

The chart revealed a key consolidation pattern between 35.99 and 36.27, which was decisively broken to the upside by late afternoon. A bullish breakout candle at 36.27–36.35 signaled a shift in momentum. A potential support zone appears at 35.96–35.99, while immediate resistance lies at 36.4–36.56, with a larger upper resistance at 36.59. A bearish engulfing pattern appeared at 36.36–36.49, but it was quickly negated by subsequent bullish momentum. A doji formed at 36.36, indicating indecision, but it was followed by confirmation to the upside.

Moving Averages and Directional Bias

The 15-minute chart shows the price closing above both the 20-period and 50-period moving averages, suggesting a short-term bullish bias. The daily chart reveals that the 50-period MA is around 36.24, while the 100-period MA is at 36.18 and the 200-period MA is at 36.12. The price is currently above all three, indicating a continuation of the short-term bullish trend and a potential test of the 50-day MA.

Momentum and Oscillators

The MACD line has turned positive with a widening histogram, confirming increasing bullish momentum. RSI, while not in overbought territory, is moving upward and remains above the 50-level, reinforcing the positive bias. The Stochastic RSI shows a bullish crossover, suggesting a potential continuation of the upward move unless the RSI hits overbought (70) territory.

Bollinger Bands have widened significantly, indicating increased volatility. Price action is currently near the upper band, suggesting it may test resistance or consolidate within the band.

Volume and Turnover Analysis

Notable volume spikes occurred during key bullish movements: from 36.27–36.35 and 36.52–36.59. These periods coincided with price advances, confirming the strength of the move. However, there was a divergence in volume during the bearish engulfing pattern at 36.36–36.49, which may indicate a temporary pullback before further upside.

Turnover was also higher during the bullish clusters, reinforcing the volume signal. The lack of significant volume during bearish or sideways periods suggests limited selling pressure.

Backtest Hypothesis

A backtesting strategy could be built around the key breakout above 36.27, using a stop-loss below 35.96 and a take-profit at 36.56–36.61. Given the confirmed breakout and strong volume support, a long bias is justified. Incorporating RSI and MACD crossover signals could refine entries, particularly during pullbacks within the bullish trend. A trailing stop may also be effective as volatility appears to be expanding.