Market Overview for SUIJPY (Sui/Yen) - 24-Hour Summary as of 2025-09-15

• SUIJPY opened at 541.62, reached 551.95, and closed at 522.30, with bearish momentum accelerating in the final hours.
• A bearish engulfing pattern formed near the 24-hour high, while a shooting star signaled top-side exhaustion.
• Volatility peaked in early overnight trading before entering a contraction phase, indicating potential consolidation.
• Volume surged during the 520–550 range, suggesting key liquidity zones; turnover confirmed price action during breakouts.
• RSI oversold territory reached near the end of the period, hinting at short-term rebounds, but trend remains bearish.

SUIJPY opened at 541.62 on 2025-09-14 at 12:00 ET, reached a high of 551.95, a low of 513.69, and closed at 522.30 at 12:00 ET on 2025-09-15. Total volume for the 24-hour period was 190,863.37, and notional turnover was 103,576,109.66. Price action was bearish overall with distinct phases of momentum, volatility, and reversal signals.

Structure & Formations

Price displayed a strong bearish bias throughout the day with a key resistance forming between 545.00–548.50 and a support cluster at 520.00–522.30. A large bearish engulfing candle was observed at 548.00–546.20, confirming a shift in sentiment. A shooting star formed near the high of 551.95, suggesting top-side rejection. The price consolidated briefly in the 520.00–524.50 range before breaking lower, indicating a possible exhaustion of short-term buyers.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages formed a bearish crossover during the overnight hours, confirming the downward trend. The 50/100/200-period daily averages are aligned in a bearish slope, reinforcing the notion that the market is in a short- to medium-term downtrend. The 50-period MA crossed below the 100-period MA near 536.50, a bearish signal that has not yet been reversed.

MACD & RSI

The MACD entered negative territory in the early hours of the session and remained bearish throughout the period. A bearish crossover in the MACD histogram was observed around 530–540, confirming the downward move. The RSI dipped to oversold levels (~30) by the session’s end, which could trigger a short-term bounce, but it is unlikely to reverse the broader bearish trend. Divergences between RSI and price were minimal, indicating consistent bearish momentum.

Bollinger Bands

Volatility expanded early in the session as price moved between 540–552, then contracted as price entered the 520–525 range. This tightening suggests a potential breakout or breakdown may be imminent. At the end of the period, the price closed near the lower Bollinger Band, indicating oversold conditions and potential for a retest of the 520.00–522.30 support cluster.

Volume & Turnover

Volume spiked dramatically during the 520–550 range with the largest 15-minute volume bar reaching 16,418.63 at 22:00 ET, coinciding with a high of 551.95. Turnover confirmed the bearish breakouts and breakdowns during the 520–530 phase. Notable divergence between price and volume was absent, indicating that the bearish move is well-supported by market participants.

Fibonacci Retracements

Applying Fibonacci retracements to the 513.69–551.95 swing, the 61.8% retracement level is at ~528.00, while the 38.2% level is at ~535.00. Price is currently consolidating below both levels, indicating bearish pressure. A potential bounce off the 520.00 level could test the 525.00–530.00 range as a near-term target.

Backtest Hypothesis

Given the strong bearish bias, a mean-reversion strategy with Fibonacci and RSI as entry triggers could be considered. A sell entry could be initiated near the 38.2% retracement level (~535.00) with a stop just above the 50-period MA. A target near the 520.00 level could be used for exits, with position sizing adjusted based on volume and turnover patterns. This strategy assumes that bearish momentum will continue, but the RSI’s oversold condition introduces a possibility of short-term bounce before the trend resumes.