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Summary
• Price tested key support near 16.56–16.62, rebounding with a bullish reversal pattern.
• Volume surged during late-night recovery, confirming potential short-term bottoming.
• RSI bottomed below 25, signaling potential oversold rebound, but momentum remains weak.
• Bollinger Band contraction in early morning suggested low volatility ahead of a breakout.
• Fibonacci retracement levels at 16.65 and 16.75 acted as dynamic resistance during the morning rally.
POL/Yen (POLJPY) opened at 16.75 on 2025-12-17 12:00 ET, reached a high of 17.43, a low of 16.49, and closed at 17.13 on 2025-12-18 12:00 ET. Total volume over the 24-hour window was 27,840.5 units, while turnover amounted to 468,842.8 Yen.
Structure & Formations
The price found key support near 16.56–16.62 multiple times, with a bullish reversal pattern forming after the 16.58–16.62 consolidation. A strong bearish candle on 2025-12-18 01:15 ET marked a key pivot, followed by a multi-hour test of support.
Volume & Turnover
Volume surged during the late-night rally, particularly after the 16.58 low, with a spike of 3554.9 units and 58,345.4 Yen in turnover at 2025-12-18 00:00 ET. This suggests accumulation and potential short-term stability.
Momentum Indicators
RSI bottomed below 25 during the 16.49 low, signaling an oversold condition. MACD remained bearish in the early part of the session but began to show divergence during the morning rally.
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Bollinger Bands
Volatility contracted sharply in the early hours before expanding during the 16.58–17.11 rebound. Price traded near the upper band during the morning push, suggesting a potential continuation of upward momentum.
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Fibonacci Retracements
Key Fibonacci levels at 16.65 (38.2%) and 16.75 (61.8%) served as resistance during the morning recovery. The 16.83 level appears to be a critical short-term ceiling to watch for.
POLJPY may test 16.83–16.92 in the next 24 hours if buyers hold above 16.75. Traders should remain cautious of short-term volatility and potential pullbacks if volume fails to confirm further gains.
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