Market Overview for Sei/Yen (SEIJPY)

• SEIJPY surged from 42.89 to 44.44, forming a bullish reversal pattern after a sharp selloff.
• Volatility expanded as the pair broke out of a contracting Bollinger Band range.
• RSI hit overbought territory near 70, suggesting potential short-term resistance.
• High-volume candlesticks confirmed bullish momentum, particularly in the last 6 hours.
• 50-period MA crossed above 20-period MA, signaling a potential uptrend continuation.

The Sei/Yen (SEIJPY) pair opened at 43.64 on 2025-10-05 at 12:00 ET and closed at 44.47 on 2025-10-06 at the same time, reaching a high of 44.80 and a low of 42.74. Over the 24-hour period, the total traded volume amounted to 395,465 units with a notional turnover of approximately 17,125,765. The pair exhibited a sharp reversal after a 6-hour bearish correction, forming a bullish engulfing pattern around 44.47. A key support level appears to have been established near the 20-period moving average at 43.92.

A strong positive divergence in RSI (Relative Strength Index) emerged during the 5-hour rebound, as prices made higher lows while RSI bottomed and turned upward. This suggests growing buying momentum. On the MACD, the line crossed above the signal line, indicating a potential continuation of the bullish trend. Bollinger Bands showed a contraction in the early hours before a sharp expansion, signaling increased volatility and a possible breakout confirmation.

Volume surged sharply during the rebound phase, especially between 05:00 and 08:00 ET, confirming the price action. The 50-period moving average crossed above the 20-period line in the last 8 hours, reinforcing a bullish bias. On the Fibonacci retracement scale, the recent swing low (42.79) and high (44.80) indicate that 61.8% retracement sits at 44.06, which could act as initial resistance. A break above this level could signal a move toward 44.63 (38.2% retracement from the opposite swing).

The technical setup appears to favor a continuation of the current upward bias, with the 61.8% Fibonacci and 44.50-44.60 resistance cluster as key near-term targets. However, a pullback toward the 44.00 support level could test the sustainability of the rally. Investors should watch for a potential bearish divergence in RSI or a rejection at the 44.80 high as possible reversal signs. Volatility remains elevated, and any move toward 44.80 or beyond should be treated with caution given the potential for a consolidation or correction.