Market Overview for Sui/Yen (SUIJPY): 2025-09-05 24-Hour Analysis

• SUIJPY opened at 485.47 and surged to 504.73 before closing at 502.15, up 3.63% in 24 hours.
• Strong momentum seen in RSI and MACD, suggesting bullish bias with a possible overbought condition.
• Volatility expanded mid-day, with volume peaking during the 04:00–07:30 ET window.
• Price formed bullish engulfing patterns and tested key resistance levels multiple times.
• Notable volume divergence observed during pullbacks, hinting at potential accumulation.

SUIJPY opened at 485.47 on 2025-09-04 12:00 ET and closed at 502.15 by the same time the next day. The pair surged to a high of 504.73 and dipped to a low of 481.95. Total volume across the 24-hour window was 143,986.48, with notional turnover reaching approximately ¥72,669,397. The pair exhibited strong upward momentum, particularly during late ET hours.

Structure & Formations

SUIJPY’s price action revealed multiple bullish signals, including bullish engulfing patterns at key resistance levels (e.g., 493.06, 502.41) and a morning star-like reversal near 493.52. A notable bearish harami appeared during a pullback to 496.11, suggesting potential consolidation. The 24-hour range was capped at 504.73 and supported by a 12-hour low at 481.95. The 493.06–502.41 range emerged as a critical psychological zone for short-term buyers.

Moving Averages

On the 15-minute chart, price remained above both the 20-period and 50-period SMAs for most of the 24-hour window, with the 50-period line acting as a dynamic support during pullbacks. The daily timeframe saw price close above all major moving averages, including 50, 100, and 200-period lines, reinforcing a longer-term bullish bias. The 50-period daily SMA at 495.64 served as a floor for most of the session.

MACD & RSI

The MACD line remained positive for much of the day, with a bullish crossover at 04:30 ET and a strong histogram expansion during the 07:00–08:00 ET window. RSI peaked near 72 in the early hours of 2025-09-05, suggesting an overbought condition that could trigger a pullback. However, the lack of a bearish divergence in RSI despite price corrections suggests continued buying pressure.

Bollinger Bands

Volatility expanded significantly after 04:00 ET, with the upper Bollinger Band reaching 504.73. Price spent most of the session in the upper two-thirds of the band, indicating a strong bullish bias. The 493.06–493.55 range marked a minor contraction in volatility, hinting at a potential breakout. Price has yet to test the upper band as resistance in a bearish fashion, indicating a continuation pattern.

Volume & Turnover

Volume spiked during the 04:00–07:30 ET period, coinciding with the price surge from 493.06 to 504.73. Turnover spiked correspondingly, confirming the price action. However, during pullbacks in the 05:30–06:00 ET window, volume decreased while price fell, suggesting accumulation by longs. No major divergences were observed, though volume during the final 15-minute window was relatively subdued, indicating a possible pause.

Fibonacci Retracements

Applying Fibonacci to the 481.95–504.73 move identified key levels. The 38.2% retracement (495.08) and 61.8% retracement (491.53) acted as short-term support. Price briefly tested the 61.8% level during the 05:30–06:00 ET window before bouncing higher. A daily swing from 485.47 to 504.73 shows the 50% retracement at 495.10, which coincided with a minor consolidation phase.

Backtest Hypothesis

A potential backtest strategy could involve entering long positions at the 61.8% Fibonacci retracement during an upward move, with a stop-loss placed just below the 491.53 level and a take-profit target at the 38.2% level or beyond if RSI breaks above 70. The strategy would rely on confirmation from the MACD and volume spikes to filter signal validity. This approach would test the idea that accumulation at key retracement levels during a bullish trend can yield short-term profits while managing risk.