Market Overview: Sui/Yen (SUIJPY) 24-Hour Technical Analysis

Summary
• SUIJPY formed a bullish engulfing pattern after a sharp 2.5% drop.
• RSI oversold below 30, indicating possible short-term bounce.
• Volatility expanded during Asian hours, pushing price outside upper Bollinger Band.
• Volume spiked at key resistance near 252.0, but failed to confirm a breakout.
• Fibonacci 61.8% level at 250.6 acted as a short-term support.

Sui/Yen (SUIJPY) opened at 251.32 on 2025-12-13, hit a high of 254.48 and a low of 245.84, and closed at 252.85 on 2025-12-14 at 13:00 ET. Total 24-hour volume was 444,093.58, with notional turnover of approximately 109,557,959.25.

Structure & Formations

The pair displayed a strong bearish impulse early in the session, followed by a bullish reversal in the late Asian and early European hours. A key bullish engulfing pattern formed around 250.72–251.42 as the price rejected the 250.0–251.5 consolidation zone. The 61.8% Fibonacci retracement at 250.6 held as a critical support, preventing a deeper pullback.

Moving Averages and Momentum

On the 5-minute chart, the 20-period and 50-period moving averages crossed into a

late in the session, reinforcing the reversal narrative. RSI moved from oversold territory (below 30) to neutral mid-range, suggesting short-term momentum may be shifting in favor of buyers.

Volatility and Bollinger Bands

Volatility expanded significantly during the Asian session, pushing the price above the upper Bollinger Band at one point. The 20-period Bollinger Band width peaked at 3.5% as the pair fluctuated between 245.84 and 254.48. Price re-entered the channel near the upper band by the end of the session, indicating potential consolidation ahead.

Volume and Turnover

Volume surged at key resistance levels (252.0 and 254.48), but failed to confirm a breakout, signaling potential indecision among large participants. Turnover was highest between 01:30 and 02:30 ET, coinciding with the 252–254 range. Divergences were observed as volume dipped despite continued price action above 251.0, hinting at potential exhaustion.

The market appears poised to test the 254.0–256.0 level in the coming 24 hours, though a pullback toward 250.0–250.6 could test the strength of the reversal. Investors should remain cautious about potential overextension, especially in a low-liquidity environment.