Thur June 10, 1999

06:00 AM

On the Frenzied Forex Front

Sept. Japanese-Yen

Nearby Support is near the 8499 to 8484 region then 8461  and 8428, Day traders can buy at 8432 for a turn higher, risk 50 pts. under that the 8406 to 8391 region should hold.

Resistance is at  8528. Above that sellers should appear near 8560 to 8589. Beyond that resistance is at 6812.

Resistance is at 5392 to 5400 and the 5418 to 5437 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 5372 and 5357 then 5342. Below that buyers should appear near the 5287 region where it should hold for a bit. BW Traders can buy at 5282 and Hold for higher prices.

Resistance is at 6648 and near the 6656 to 6673 region. Beyond that resistance is at 6694 then 6707.

Support is at 6625 and 6609 then 6591 to 6577. Under that support is at 6544.

Support should appear near 1.5996 and 1.5960 then 1.5912.

Resistance is at 1.6060 then 1.6090 and 1.6150. a close over 1.6150 augurs for a test of 1.6286. BW Traders should go long if a close over 1.6150 occurs.

Support should appear at 6783 and 6765 under that buyers should appear near 6755 to 6741.

Resistance is at 6809 and 6815, above that sellers should appear near 6822 and 6836. BW traders should go long if a close over 6836 occurs.

Support is at 258.6 and 252

Resistance is at 261.7 and 263.8.

Support is at 6365 and 6350 to 6335. Under that support should appear near the 6180 to 6165 region. Below that BW Traders can buy at 6035, risk a close under 6020 for two days in a row.

Resistance is at the 6420 to 6435 region. Beyond that resistance is at 6470 and the 6565 region.

Support is at 364.5 and 361 then 358.

Resistance is at 368, Beyond that resistance is at 370.0, a close over 371.5 is

friendly and augurs for a test of the 374 and 377.

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

On the DownSide: support is at 496.5 and 488 to 485. Day traders can buy at 497.5 risk 4 cents. Under that 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 503.5 and 508 to 510.5 beyond that sellers should appear near 516.

Support is at 1788 then 1780 to 1774, Day traders can buy at 1777, initially plan ion a risk of 50 pts. Under buyers should appear near the 1755 and the 1738 to 1731

region. Below that buyers should appear near 1721

Resistance remains near the 1808 to 1822 region. .Above that resistance is at 1839 to 1849.

Support is at 5180 to 5155 and 5129.. Below that buyers should appear near 5045.

Resistance should appear at 5242 and the 5259 to 5280 region. BW Traders should go long if a close over 5282 occurs.

Support is at 4270 and 4116 then 4120 to 4110. BW Traders can buy at 4065 and hold for higher prices.

Resistance is at 4290 to 4305 then 4371. 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 467 3/4 and the 460 3/4 to 459 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 472 1/2 and 474 1/2.. A close over 472 is friendly and augurs for a test of 484 to 488 BW Traders should go long if a close over 472 occurs..

Support is at 478 3/4 and 473. Day traders can buy at 478 3/4, risk 8 cents.

Resistance is at 482 3/4 Beyond that sellers should appear near 486 3/4 and 491.

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

Support is at 135.90 and 134.60 to 133.4, traders can buy at 133.6 risk a close under 132.20 for two days in a row.

Resistance is at 138.30 and 139.80.

Resistance is at 1715 and 1731 to 1738 then 1754. Beyond that sellers should

appear near 1774 to 1780. BW Traders should go long g if a close over 1731 occurs.

Support is at 232 1/4. BW Traders can buy at 232 1/4 and hold for higher prices.. Below that support is at 229 3/4 and 226 1/4.

Resistance is at 234 3/4 and 236 1/4 where good sellers should appear..

Beyond that resistance is at 239 3/4.

Support is at 266 3/4 and 261. BW Traders can buy at 262 1/4 and hold for higher prices. Below that support is at 255.

Resistance is at 272 1/4. 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 5775 and 5805 then 5840.

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

On the DownSide support is at 5735 to 5712 and 5655 to 5640

Support is at 563 to 559 and 550. Below that BW Traders can buy at 538 and risk a close under 531 for three days in a row.

Resistance should appear at 568 and 582 to 588. A close over 568 is friendly.

On the Upside, Resistance is at 106.80 and 108.10 to 108.25. Beyond that sellers should appear near 109.20 to 110.10

On the DownSide, early support is at 106.80 and 105.80 to 105.40. Below that

support is at 104.05 then 103.60 to 103.20

On the Upside, Resistance is at 108.20. and 109.60 to 110.10, beyond that a test of then 110.40 to 110.80 is likely.

Support is at 1096 then 1076 and 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. Under that 972 to 968 offers support.

Resistance is at 1117 and the 1130 to 1136 region. Beyond that sellers should appear near the 1164 to 1169 region.

Support is at 6402. Under that support is at 6382 and 6352 to 6337 then 6307.

Support is at 5057 to 5037 and 5027 to 5017.

Resistance should appear near 5127 to 5137 then 5167.

A close over 5167 is friendly and augurs for a test of 5217 to 5232.

Resistance is at 5425, a close over is friendly and augurs for a test of the 5457 to 5482 region. Beyond that resistance is at 5507 and 5582.

Support is at 4967, day traders can buy at 4967v for a bounce, under that support is at 4892 then 4852 to 4842 and 4817 under that 4787 to 4777 should hold.

Nearby Resistance is at 5102 to 5112, a close over 5112 is friendly and augurs for a test of the 5257 to 5282 region.

On The DownSide support is at 114-29 and 114-22 under that 113-22 should contain the decline.

On the Upside: Resistance is at 115-08 and 115-22. Above that sellers should

appear near 116-14

On the DownSide support is near 1313 to 1312.40 and the 1310 to 1306/ 1304

region Below that buyers should appear at 1294.80.

Resistance is at 1322 and 1326.80 a close over 1322 is friendly and augurs for a test of 1334, a close over 1334 augurs for a test of 1340 then 1346 to 1347.10.

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

Resistance is at 10,740 to 10,756 to 10,775,. a close over 10,775 is friendly and augurs for a test of 10,857 and 10,901 beyond that 10,960 offers resistance. .