Tuesday June 08, 1999

06:00 AM

On the Frenzied Forex Front

Sept. Japanese-Yen

Nearby Support is near the 8314 to 8300 and 8261, under that the 8223 to 8194 region should hold. A close under 8223 augurs for a test of the 8134 to 8119 region, BW Traders should go long at 8135 and hold. Below that 8044 to 8029 should contain the decline.

Resistance is at 8371 and 8391 to 8406. Above that sellers should appear near 8415 and 8435 then 8484 to 8499 A close over 8499 is friendly and indicates a test of 8560 to 8589. BW Traders can sell at 8560, risk a close over 8589 fore three days in a row.

Resistance is at 5344 to 5356 Aggressive BW traders can sell at 5356 and hold for lower prices.. Beyond that resistance is at 5392 to 5400 and the 5418 to 5430 region.

BW Traders can sell at 5430 and risk a close over 5461 for three days in a row. Beyond that resistance should appear near the 5491 to 5504 region.

Support is at is at 5318 and 5303. Below that buyers should appear near the 5282 to 5259 region where it should hold for a bit. BW Traders can buy at 5282 and Hold for higher prices. Below that support is at 5249 and the 5211 to 5200 region.

Resistance is at 6610 and 6615, beyond that sellers should appear near the 6656 to 6673 region. BW Traders can sell at 6656 for a quick turn lower and hold for lower prices. Beyond that resistance is at 6707 then 6723.

Support is at 6591 to 6577 and 6574. DAY Traders can buy at 6577, risk 35 pts. Under that support is at 6562 and 6523 then 6509 to 6482. Below that BW Traders can buy at 6509, risk a close under 6482 for three days in a row.

Support should appear near 1.5960 and 1.5912.

Resistance is at 1.6090 and 1.6150. a close over 1.6150 augurs for a test of 1.6286. Beyond that resistance is at 1.6344 and 1.6420.

BW Traders should go long if a close over 1.6150 occurs.

Support should appear at 6809 and 6787, BW traders can buy at 6787, risk a close under 6781 for three days in a row. under that buyers should appear near 6755 to 6741.

Resistance is at 6822 and 6836. Beyond that resistance is at 6859 and 6871. A close over 6871 is friendly and augurs for a test of the 6906 to 6919 region.

BW Traders should go long if a close over 6836 occurs.

Support is at support is at 263.8 and 263.8

Resistance is at 267.5 and 268.7.

Support is at 6245 and 6155. Under that support should appear near the 6105.

Below that BW Traders can buy at 6035, risk a close under 6020 for two days in a row.

Resistance is at 6360 then the 6415 to 6435 region. Beyond that resistance is at 6505 and the 6555 region.

Support is at 361.5 and 356 to 355.

Resistance is at 366.5, Beyond that resistance is at 371.5, a close over 371.5 is

friendly and augurs for a test of the 375.8 to 377 region.

BW Traders should go long if a close over 371.5 occurs.

On the DownSide: support is at 495 and 491.5, below that good buyers should

appear near 488. BW traders should buy at 488.5 and risk a close under 485 three days in a row.

On the Upside. Nearby resistance is at 504.... A close over 499.5 is friendly and augurs for a test of 508.. Beyond that resistance is at 512 to 514 and 527 to 534 where good sellers should appear.

BW Traders should go long if a close over 499.5 occurs..

Support is at 1774 and 1745. Day traders can buy at 1770, risk 40 pts. Under

buyers should appear near the 1738 to 1731 region.

Nearby Resistance is at 1795 and the 1808 to 1822. region..

Above that resistance is at 1858 to 1868.

Support is at 5025 and the 4926 to 4915 region.. Below that buyers should appear near 4895 and 4825.

Resistance should appear near the 5127 to 5139 region beyond that resistance is at 5200 to 5211

BW Traders should go long if a close over 5282 occurs.

Support is at 4120 to 4110 and 4065 to 4046. BW Traders can buy at 4065 and hold for higher prices. Below that Good buyers should appear near 3970 and 3939 to 3909.

Resistance is at 4275 and 4345 then 4381. Beyond that good sellers should appear at 4550. Where BW traders can sell at 4570 for a turn lower, risk a close over 4582 for three days in a row.

Support is at 4651/4 and the 459 3/4 region.

BW Traders can buy at 459, risk a close under 457 1/4 for two days in a row.

Below that support is at 456 and 450 below that 444 3/4 to 442 3/4 should hold.

Resistance is at 4711/2 and 473. Beyond that resistance is at 477.

A close over 472 is friendly and augurs for a test of 486 to 488

BW Traders should go long if a close over 472 occurs..

Support is at 477 3/4 and 474 to 472.

Day traders can buy at 477 1/2, risk 8 cents.

Resistance is at 482 3/4 Beyond that sellers should appear near 486.

BW Traders can go long if a close over 485 3/4 occurs.

Support is at 134.60 to 133.4, traders can buy at 133.4 risk a close under 132.20 for two days in a row. Below that support is at 1310 to 130.40 and 129.70.

Resistance is at 136.40 and 137.70 to 138.30. A close over 138.30 is friendly.

Resistance is at 1729 to 1738 and 1747. Beyond that sellers should appear near 1774 to 1780, a close over 1780 is friendly and augurs for a test of 1808 to 1822

BW Traders should go long g if a close over 1731 occurs.

Support is at 234 1/4 and 232 1/4 to 231 1/2. BW Traders can buy at 232 1/4 and hold for higher prices.. Below that support is at 229 3/4 and 228 1/2 and should hold.

Resistance is at 237 3/4 and 239 1/4 where good sellers should appear..

A close over 239 is friendly and augurs for a test of 244 to 246. Beyond that resistance is at 250 1/2.

Support is at 266 1/4 and 261 1/4. BW Traders can buy at 262 1/4 and hold for higher prices. Below that support is at 256 to 255 1/2

Resistance is at 272 1/4 and 273 3/4. A close over 272 1/2 is friendly and augurs for a test of 275 3/4 to 277 1/2. BW Traders should go long if a close over

272 1/2 occurs.

On the Upside resistance is at 5805 to 5830 and 5855 to 5880.

A close over 5805 is friendly and augurs for a test of 5925.

On the DownSide support is at 5770 then 5729 to 5712.

Support is at 539 to 534, day traders can buy at 537 and risk 35 pts.
Resistance is at 553 then 566 to 568, day traders can sell at 568, risk 30 pts.

Support is at 577 and 563 to 559. Below that BW Traders can buy at 538 and risk a close under 531 for three days in a row.

Resistance should appear at 582 to 589. A close over 586 is friendly and augurs for a test of 601 to 609.

Resistance is at 113.00 to 113.60, beyond that sellers should appear near 115.30.

On the DownSide, early support is at 113.60 to 113.10 and 111.00 to 110.60 Below that good buyers should appear near 110.10 and 109.60.

On the Upside, Resistance is at 115.60 to 115.80 then 116.40 to 116.90

A close over 116.40 augurs for a test of 119.20.

Resistance is at 1058 to 1068 and 1084.

Support is at 1068 to 1058 below that 1036 to 1032 offers support. BW Traders can buy at 1034 and hold for higher prices. Below that support is at 1017 and 1005 to 1000. Below that 972 to 968 offers support.

Resistance is at 1096 to 1101 and 1116. Beyond that resistance is at 1130 to 1136

and 1162 to 1169. BW Traders can sell at 1164 for a turn lower, risk a close over 1181 for three days in a row.. Beyond that good sellers should appear near 1192 to 1203.

Support is at 6452 to 6437 and 6420...Under that support is at 6377

Support is at 5157 and 5107 to 5062 BW Traders can buy at 5157 and hold.

Resistance should appear near 5212 and 5247. A close over 5262 is friendly and augurs for a test of 5307 beyond that resistance should appear near the 5342 to 5357 region.

BW Traders should go long if a close over 5212 occurs.

BW Traders can go long at 5502, risk a close under 5392 for three days in a row.

Resistance is at 5672 and 5687. Beyond that 5767 offers resistance

Support is at 5252. A close under 5252 augurs for a test of 5182 to 5167.. Below that support is at 5137 to 5127 and 5112.. BW Traders can buy at 5127 for a bounce, risk a close under 5037 for three days in a row.

Nearby Resistance is at 5292 and 5357 beyond that sellers should appear near 5407, a close over 5407 is friendly and augurs for a test of 5462. Beyond that sellers should appear near 5552 to 5577. BW Traders can sell at 5552 and hold for lower prices..

On The DownSide support is at 115-31 below that support should appear near

115-26 then 115-02. Day traders can buy at 115-26, risk 10 pts. Below that BW Traders can buy at 115-03 for a turn higher, Risk a close under 114-25 for three days in a row.

On the Upside: Resistance is at 116-10 and 116-19 then 116-26. Above that sellers should appear near 117-01. A close over 116-26 is friendly and augurs for a test of 117-25. Beyond that resistance is at 118-20 to 118-25

On the DownSide support is at 1326.50, aggressive BW Traders can buy at 1326.30 and hold for higher prices Below that support should appear near the 1322 region. Which should hold basis the close.. Under that support is at 1313.30 to 1312.20 and the 1310 to 1306/ 1304 region. Stay Tuned..

Resistance is at 1334, a close over 1334 is friendly and augurs for a test of 1340 then 1346 to 1347.10. Beyond that resistance is at 1356.40 and 1361.50. ..A close over 1361.50 indicates a test of resistance near the 1377 to 1383 region.

BW Traders should go long if a close over 1334 occurs...

Resistance is at 10,909, a close over 10,909 is friendly and augurs for a test of 10,960 and the 10,993 to 11,010 region. A close over 11,010 is friendly and augurs for an eventual test of 11,155. .