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September 13, 1999
8:45 AM 

On the Frenzied Forex Front

Dec. Japanese-Yen

Nearby Support should appear near 9347 and 9316 to 9299 under that a test of the 9272 then 9236. A close under 9236 is negative and augurs for a test of the 9156 to 9140 region. Below that support is at 9100 and 9060 to 9045

Nearby Resistance is at 9387 to 9399. Beyond that resistance is at 9429 to 9460 and the 9526 to 9542 region. Above that sellers should appear at 9625 to 9645.

Support is at 6509 to 6483. Below that buyers should appear near 6462,

traders can buy at 6462 for a turn higher, risk a close under 6451 for two days in a row. Under that 6430 to 6417 offers support. A close under 6417 is negative and augurs for a test of 6350 to 6337.

Resistance is at 6546 a close over is friendly and augurs for a test of 6577 to 6591 and 6626.. Beyond that sellers should appear near the 6659 to 6673 region. Above that sellers should appear near 6741 to 6755 then 6809 to 6836..

Traders should go long if a close over 6546 occurs.

Nearby Support should appear at 5314 and 5282 to 5259 region. Below that support is at 5211 and 5200 and 5139 to 5127.

Resistance is at 5356 and 5371 above that sellers should appear near 5418 to 5430.

Beyond that sellers should appear near 5462 and the 5492 to 5504 region.

Trade accordingly

Support should appear near 1.6150.. Aggressive traders can buy at 1.6150 and hold for higher prices.. Below that support is at 1.6090 and 1.6034 then 1.5926..

Resistance is at 1.6268 and 1.6336 a close over 1.6286 is friendly and augurs for an eventual test of 1.6420. Beyond that is at resistance 1.6550 and near 1.6220

Traders should go long if a close over 1.6286 occurs.

Nearby Support should appear at 6781. Under that support is at 6765 and 6755 to 6741, Traders can buy a dip to 6755 for a good bounce and risk close under 6741 for three days in a row. Below that support is at 6707 and 6673 to 6659.

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Resistance is at 6809 and 6836. Beyond that a test of the 6906 to 6919 region is likely. Traders can sell at 6906 for a turn lower risk a close over 6919 for three days in a row. Beyond that 6990 to 7003 should cap a rally...

Nearby Support is at 256.8. and 255.20 Traders can buy at 256.10 and hold for higher prices.. Below that support is at 254.5 and 253.5 and 251.9 which should hold over the near term.

Resistance is at 258.8 beyond that sellers should appear near 261.20 to 262, a close over 262 is friendly and augurs for a test of 266.3 to 267.2

Traders should go long if a close over 262 occurs..

Nearby Support is at 8225 to 8195. Traders should Buy at 8215 and risk a close under 8110 for three days in a row. Below that support is at 8045 and 8015. Under that 7825 should contain a decline.. Traders can buy at 78 40 and hold for higher prices..

Nearby Resistance is at 8285 and 8300 to 8315, a close over 8315 is friendly and augurs for a test of resistance near 8390 to 8415. Beyond that a trade towards 8485 to 8490 is likely A close over 8490 is friendly and augurs for an eventual test of 8590 to 8625. Above that 8765 to 8775 offers resistance..

Support is at 364.4 and 362.7 to 361.3 Under that support is at 357 and 355.

Resistance is at 369.4 and 372.7 beyond that a test of 375 is likely..

On the DownSide nearby support is at 519,5 and 514 to 511 under that support is at 507 then 496.. Traders can buy at 507 for a bounce. Risk a close under 497 for two days in a row. Below that 486 should contain a decline..

On the Upside. Nearby resistance is at 526, a close over 526 is friendly and augurs for a test of 535. Beyond that resistance is at 552 and 565

Traders should go long if a close over 526 occurs.

Trade Accordingly and Stay tuned for Flashes...

Resistance is at 2354 to 2370 and 2411 to 2419. A close over 2419 is friendly and augurs for as test of 2461 to 2469 and 2511 to 2519. Traders can sell at 2511 for a turn lower, risk a close over 2519 for two days in a row. Above that 2552 to 2568 offers resistance.

Trade Accordingly.

Nearby Support is at 6635. Traders can buy at 6635, risk a close under 6590. Below that support is at 6509 and 6478 If that fails a test of 6350 to 6337 is likely. Below that support is at 6125 to 6101 where it should hold Traders can buy at 6113 and hold for higher prices...

Resistance should appear at 6809 to 6836 and 6855.. beyond that a test of the

6909 to 6919 region is likely Which should cap a rally ...Traders can sell at 6909 and risk a close over 6919r two days in a row Beyond that 6990 to 7003 offers resistance

Above that sellers should appear near 7242 to 7255 Aggressive traders can sell at 7242 and hold for lower prices..

Nearby Support is at 6190 to 6160 a close under 6160 augurs for a test of 6100 and eventually 6035 to 6023. . Below that support is at 5957 to 5945 traders can buy at 5945 and risk a close under 5855 for three days in a row . Under that 5805 to 5792 should hold..

Resistance is at 6337 to 6350 above that sellers should appear near 6417 and 6482 to 6509 aggressive traders can sell at 6482 . Risk a close over 6509 for two days In a row.

Beyond that resistance is at 6577 to 6591 and 6659 to 6673..

Traders should go short if a close under 6190 occurs..

Trade Accordingly.

Nearby Resistance is at 519 3/4 a close over 519 3/4 is friendly and augurs for a test of 533 3/4 then 538 1/2 to 544 3/4 where sellers may appear. Beyond that we see an eventual test of 585 if it holds.. Traders can go short at 585 and risk a close over 588 for three days in a row.

Support is at 513 under that support is at 506 traders can buy at 507 and hold for higher prices. Under that support is at 492 and 488 then 477

Traders should go long if a close over 519 3/4 occurs...

Resistance is at 157.3 and 159.1. Beyond that sellers should appear near 165.

Support is near 153.5 and 149.8 to 148.4 traders can buy at 148.9 hold for higher prices.. Below that support is at 145.7. and 143.5

Resistance is at 1858 to 1869 and 1882. Beyond that sellers should appear near 1902 to 1909 and the 1946 to 1953 region.. Eventually we see test of 1982 to 1996 down the road if it can hold this through Sept. and early Oct.

Resistance is at 219 1/4 Beyond that resistance is at 224 and 228 then 232. Above that sellers should appear near 236 and 239 then 243

Support is at 214 3/4 and 209 1/2 to 208 traders can buy at 2091/2 and risk a close under 207 1/2 for three days in a row, under that support is at 206 3/4. Below that Buyers should appear near 199 3/4 and 191 . .

Resistance is at 290 1/4 A close over 290 3/4 is friendly and augurs for a test of 296 to 298 and eventually 302 where resistance should appear. Beyond that resistance is at 309.

Traders should go long if a close over 290 3/4 occurs.. `

Support is at 286 1/4 and 284.284 1/2.. Traders can buy at 284 3/4 and hold for higher prices, risk a close under 282 for three days in a row Below that support is at 278 and 274 Under that buyers should appear near 266 1/2 and 262.

On the DownSide support is at 5354 and 5325 to 5285 .. Traders can buy at 5285 and hold for higher prices.. Under that buyers should appear near 5225 to 5200 and 5156 to 5139.

Resistance is at 5425 and the 5490 to 5510 region Beyond that resistance is at 5555 to 5577 and the 5640 to 5672 region

Nearby Support is at 661 and 656 under that support is at 648 . Traders can buy at 648 risk a close under 630 three days in a row. Below that support at 609 to 601 should hold.

Resistance should appear at 682 to 686.. a close over 688 is friendly and augurs for a test of the 704 to 712 region and eventually 735 to 739.

Traders should go long if a close over 688 occurs..

On the Upside, Resistance is at 86.30 a close over 8630 is friendly and augurs for a test of 8735 and 8775. Beyond that resistance is at 8855 to 8870 and 8935 to 8965.

On the DownSide, support is at 8360 and 8225 to 8190. Under that buyers should appear near 8045 to 8025 which should hold and contain a decline. Traders can buy at 8045 and risk a close under 8025 for three days in a row.

Traders should go long if a close over 8630 occurs.

Support is at 941 to 932 Traders can buy at 942, risk a close under 931 for three days in a row, under that support is at 922 and 912 to 907. Below that support is at 899 and the 882 to 877 region Below that 852 to 847 should hold..

Resistance is at 948 and 954. A close over 954 is friendly and augurs for a test of 968 to 972 and eventually the 1000 to 1005 region and beyond toward the 1034 and 1058 to 1068 regions.. if it holds..

Traders should go long if a close over 954 occurs..

Trade accordingly and stay tuned for flashes..

Support is at 6787 to 6767 and 6707 under that support is at 6692 to 6672. Traders can buy at 6767 for a turn higher, risk a close under 6672 for three days in a row.

Below that buyers should appear near 6592 and 6512.

Traders can sell at 6952 and risk a close over 7007 for three days in a row.

Beyond that resistance is at 7077 to 7087
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Resistance is at 4332 and 4377 above that resistance is at 4432 Traders can sell at 4432 and risk a close over 4517. Beyond that sellers should appear near 4502 to 4517 A close over 4517 is friendly and augurs for a test of 4572 to 4582 then 4652 to 4637 and eventually the 4695 to 4717 region. Beyond that resistance is at 4777 to 4795 and 4842 to 4857 where sellers should cap a rally.

On The DownSide nearby support is at 113-17 under that buyers should appear near 113-09 and 113-02 to 113-00.. Traders can buy at 113-02 for a bounce and hold for higher prices.. Risk a close under 113-00 for three days in a row. Under that support is at 112-11 then 111-10, where hearty traders can buy at 111-10 and hold for

higher prices..

On the Upside Nearby Resistance is at 114-09 to 114-12 a close over 114-12 is friendly and augurs for a test of 115-00 and the 115-05 to 115-09 region Beyond that sellers should appear near 116-12 and 117-00. A close over 117-00 is friendly and augurs for an eventual test of 117-30 to 118-06.

Traders should go long if a close over 114-12 occurs

On the DownSide Nearby Support is at 1361.50 then 1359.30. Traders can buy at 1361.50 and hold for higher prices.. Under that support is at 1355.20 and 1348.50.. under that buyers should appear near the 1346.00 to 1343.40 region

Where it should hold on a decline basis the close. Below that buyers should appear near 1340 and 1322.. Traders can buy at 1322 for a good bounce, put your own risk on it and stay tuned.. Under that a support is at 1310 to 1304 and 1289 below that buyers should appear near 1274 to 1268 and stop a break.

Nearby Resistance is at 1369.80 and 1377. An extended trade or close over 1377 is friendly and augurs for a test of 1380 and 1383.. A close over 1383 augurs for a touch of 1392 Beyond that sellers should appear near 1399, a close over 1399 is friendly and augurs for a test of 1407 and eventually the 1415 to 1421 region. Beyond that resistance is near 1437 to 1440, traders can sell at 1437 for a quick turn lower, put your risk on it and stay tuned Beyond that resistance is at 1453 to 1459 and 1470 to 1471.50.

Resistance should appear near 11,155 to 11,158 and 11,167. Beyond that resistance is at 11,235 then 11,300 and 11,330 to 11,360 region.. Beyond that resistance is at 11,420 and 11,580 to 11,630 Which should Cap a rally for a bit..