Market Overview for Sei/Yen (SEIJPY) on 2025-12-12

Summary
• Price surged past key resistance near 20.73, with a bullish engulfing pattern at 20.71–20.78.
• RSI reached overbought territory, while volume spiked during the late-night rally.
• Bollinger Bands widened during the breakout, signaling increased volatility.
• MACD crossed above zero with strong divergence, reinforcing bullish momentum.
• Volume-driven moves in the 2–6 AM ET window confirmed a shift in market sentiment.

At 12:00 ET on 2025-12-12, Sei/Yen (SEIJPY) opened at 20.48, reached a high of 20.97, a low of 20.10, and closed at 20.64. Total volume was 311,819.0, with notional turnover of 6,429,351.0.

Structure & Formations

The price action showed a strong breakout above a key resistance level at 20.73 following a bearish reversal at 20.71, creating a bullish engulfing pattern. A doji appeared at 20.87, suggesting a potential pause in the upward trend. Support levels at 20.61 and 20.51 held during late-day consolidation.

Moving Averages

On the 5-minute chart, the 20-period and 50-period moving averages crossed above 20.64–20.67, indicating a strong bullish bias. Daily moving averages (50, 100, 200) show a more neutral trend, with the 50-day MA near 20.60.

MACD & RSI

The MACD crossed into positive territory with a strong signal line, and the histogram showed expanding bullish momentum in the early morning hours. RSI pushed above 70, signaling overbought conditions, though divergence was noted in the late AM, suggesting caution.

Bollinger Bands

Volatility expanded during the breakout, with Bollinger Bands widening to over 0.26, and price briefly reaching the upper band near 20.97. The mid-band hovered near 20.66, supporting a potential continuation above 20.61.

Volume & Turnover

Volume surged during the 2–6 AM ET rally, particularly during the 5-minute candles at 20.73–20.78, with notional turnover peaking at 44,133.0. This volume confirmed the strength of the breakout and ruled out a false move.

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Fibonacci Retracements

On the 5-minute chart, the key swing from 20.10 to 20.97 showed 61.8% retracement at 20.71, which coincided with a consolidation phase. Daily retracement levels suggest 61.8% could be near 20.85, aligning with the late-night high.

Looking ahead, the pair may test 20.85 as a next target if buyers maintain control, but a pullback to 20.61–20.51 is likely if the overbought RSI triggers profit-taking. Traders should remain cautious of divergences in late-hour volume and watch for a potential bearish reversal near 20.75.