01/05/99 06:31 PM

On the Frenzied Forex Front

March Japanese-Yen

Nearby Support is at 9018 and 8988 then 8964. A close under 8964 augurs for a test of 8871 and 8777 where traders should buy at 8777 for a good bounce, risk a close under 8734 for three days in a row.

Resistance is at 9065 and 9131 to 9140 . Beyond that Traders can sell short at 9173 for a turn lower, risk 70 pts. A close over 9226 is friendly and augurs for a test of 9316 to 9347 where traders should sell at 9330 and hold for lower prices.

Early Support is at 6033 and 6023 then 6012 to 6008, day traders can buy at 6008 for a bounce, risk 25 pts. Below that support is near the 5957 to 5940 region Traders can buy at 5957 for a turn higher, risk a close under 5940 for three days in a row. Below that support is near 5880 and 5855. .

Resistance is at 6101 and 6113, traders can go short for a quick turn lower at 6108, risk a close over 6113 for three days in a row. Beyond that good sellers should appear near 6165 to 6190 and 6257. Traders can go short at 6257 and hold for lower prices.

Nearby Support is at 7338 and 7313 to 7306, day traders can buy at 7306 for a bounce, risk 25 pts..

Early Resistance is at 7363 then 7414 to 7428. beyond that 7452 to 7456 offers resistance, traders should go short at 7452, risk a close over 7486 for two days in a row.

Support is at 1.6484 and 1.6420. Below that support is at 1.6286 and the 1.6150

to 1.6090 region where traders can go long at 1.6150 then hold for higher prices.

Resistance is at 1.6638 an extended trade over 1.6640 indicates a likely test of 1.6720. A close over augurs for a test of 1.6890 then `1.6960 where traders can go short at 1.6960 and hold for lower prices,

Support should appear near the 6591 to 6589 and 6577. below that 6545 should hold today.

Resistance is at 6645 to 6657 and 6677

A close under 6589 is negative

Support is at 286.4. Traders can buy for a bounce at 286.4, risk a close under 282. Below that the 276 to 271 region should hold.

Resistance is at 291.5 and 292.8 a close over 292.8 is friendly and traders should go long if that occurs. Beyond that resistance is at 296.5 and the 306 to 311 region.

Support is at 6400. Traders can go long at 6385 and hold for higher prices.

Resistance is at 6545 and 6635 then 6775 and 6790, a close over 6800 indicates a test of 6905 to 6920. Beyond that resistance is near 6995.

Early Support should appear near 356.5 , beneath that 354.5 should contain a break.

Resistance is at 364 and 372.5, a close over 373 is friendly and indicates a test of 378.5 to 379.5 and eventually 383. Beyond that resistance is near 385 to 387 and the 390.9 to 393 region.

Traders should go long if a close over 372.5 occurs, risks a close back under 362.5.

On the DownSide: Nearby Support is at 496.5 and 493 to 489. Day Traders should 494, risk 12 cents..

On the Upside. Resistance is at 511, a close over 511 is friendly and augurs for a likely test of the 533 region. Beyond that good sellers should appear

near 541 beyond that 553 to 555 should stop a rally for a bit.

Traders should go long if a close over 511 occurs.

Nearby Support is at 1203. Below that 1175 then 1164 to 1162 should hold.

Resistance is at 1219. A close over 1219 augurs for a test of the 1244 then the 1274 region and most likely 1304 to 1319. Traders can go short at 1304, risk a close over resistance at 1334 for three days in a row.

Trade Accordingly

Support is at 3645 and 3635 Below that support is at 3505 and 3443 to 3420.

Resistance is at 3708 and 3765 then 3830 a close over 3830 is friendly and augurs for a eventual test of the 3909 to 3930 region. Beyond that sellers should appear near 4045. Traders can go short at 4045 for a turn lower, risk a close over 4110 for two days in a row.

Nearby Support is at 3365. Traders can buy at 3365, risk a close under 3260 for three days in a row.

Resistance is at 3470 and 3615 then 3655. A close over 3655 indicates a push towards 3745 and 3855. Trade Accordingly.

Support is at 546 1/2 then 539

Resistance is at 5531/2. Beyond that resistance is at 560 then 567

Support is at 138.8 and 136.9 under that 134.60 to 133 should hold.

Resistance is at 145 and 150 offer good resistance.

Resistance is at 2370, beyond that 2402 and 2411 to 2419 offer resistance. Traders can go short at 2419 for a turn lower, risk a close over 2452 for three days in a row.

Support at 216 1/4 and 214 1/2. Traders can go long at 208 for a bounce, risk 6 cents. Resistance is at 219 to 221 beyond that 223 offers resistance.

Support is at 277 1/4 and 275.

Resistance is at 283 to 285 region. Beyond that resistance is at 289.

Resistance should appear near 6065 to 6085 and 6110 then 6165 to 6185

Support is at Below that 5955 and 5880 to 5855 and 5825 under that 5790 should hold.

Traders should go long if a close over 6072 occurs.

Resistance is 883. Beyond that resistance is at 894 and 907 to 912.

Support is at 867 , day traders can buy at 867 and risk 45 pts. Below that support is at 852 to 847

On the downside, Early support is at 118.55. Under that good buyers should appear near 116.90 and 116.40 to 116.00 Day Traders can buy at 118.55 for a bounce and hold for higher prices. Additional support should appear at 115.75 and 115.00.

On the Upside, Resistance should appear near 119.40 to 120.30 and 121.05 then 123.20 to 123.80. a close over 123.30 is friendly and augurs for a thrust towards 126.80 to 127.40.. Buy Dips

Support is at 1377 and 1363 to 1345 then 1334. Traders can buy at 1346 for a turn higher, risk a close under 1304 for three days in a row. Below that 1295 and 1274 to 1268 offer support.

Resistance is at 1383 and 1402, Beyond that resistance is at 1415 to 1421 and 1452. Traders can sell short at 1444 and hold for lower prices.

Resistance is at 6082, a close 6082 is friendly and indicates a test of 6157.

Beyond that resistance is at 6295. Traders can sell at 6295 for a quick turn lower, risk a close over 6337 for two days in a row.

Support is at 6007, Below that support should appear at 5932 to 5912, traders can buy at 5937 and risk a close under 5855 for three days in a row.

Resistance is at 3302. A close over 3302 is friendly and indicates a test of 3352 and eventually 3402 to 3427. Beyond that traders can go short at 3492 for a quick turn lower, risk a close over 3567 for three days in a row.

Support is at 3202, day traders can buy at 3207, risk a close under 3102 for two days in a row. Below that support is at 3045

Resistance is at 3797 and 3897 beyond that 4050 offers resistance

Traders can sell short at 4050 and risk a close over 4122 for three days in a row,

Support is at 3697. Below that Buyers should surface at 3670 and 3597. A close under 3597 is negative and augurs for a test of the 3442 to 3420 region.

From the Frying Pan into the Fire--

Nearby Support should appear near 4362 and 4287 then 4207 . Below that support is at 4182. Resistance is at 4507 to 4512 then 4637. Beyond that resistance is at 4717.

On The DownSide, support is at 126-12 for two days in a row. Below that support should appear near 125-25 and 125-17.

On the Upside: Nearby Resistance is at 126-26 and 127-14 then 127-26 and 128-10. Beyond that resistance is at 128-26

On the DownSide, Nearby Support at 1249.80 and 1248.60, a close under 1248.60 augurs for a test of 1238. and 1233.80 to 1232. A close under 1232 is negative and indicates another test of 1228.00 and eventually 1218 then 1203. Below that 1192 should hold for a bit..

Traders should go short if a close under 1238 occurs.

On the Upside, Resistance is near the 1258 to 1260 region. Above that good sellers should appear near 1265.80 and 1268 to 1274.

Traders can go short at 1268 and hold for lower prices.