Wed June 16, 1999
05:40 PM 

On the Frenzied Forex Front

Sept. Japanese-Yen

Nearby Support is at 8406 to 8391 below that the support is at 8362 and 8337 then

8314 to 8300.

Resistance is at 8455 to 8462 and 8484 to 8499.

Resistance is at 5309 to 5313. Day traders can sell at 5337, risk 30 pts.

Support should appear near the 5282 to 5259 region. BW Traders can buy at 5282 and Hold for higher prices.

Resistance is at 6542, day traders can sell at 6542, risk 40 pts beyond that 6577 to 6591 should cap a rally.

Support is at 6517 and 6509 to 6482. BW Traders can buy at 6509, risk a close under 6482 for three days in a row. Below that 6467 should contain a hard decline today.

Support should appear near 1.5846 and 1.5760 to 1.5690.

Resistance is at 1.5902 and 1.5932 then 1.5986

Support should appear at 6836, day traders can buy at 6836 risk 30 pts. Under that buyers should appear near 6822 and 6809 to 6795.

Resistance is at 6872. A close over 6872 is friendly and augurs for a test of the 6895 and the most likely the 6901 to 6919 region. Beyond that test of 6990 to 7003 is likely.

Support is at 256.80 to 255.7

Resistance is at 260.6 and 262

Support is at 6265 then 6190. Under that support should appear near the 6035 to 6020 region. BW Traders can buy at 6035, risk a close under 6020

for two days in a row.

Resistance is at the 6325 then 6395 to 6405 Day traders can sell at 6395 for a turn lower , risk 100 pts. Beyond that resistance is at 6590.

Support is at 351.5 and 345.5 then 341.5

Resistance is at 354.5 Beyond that resistance is at 361.2

On the DownSide: support is at 500.5 and 496.5.. Below that good buyers should appear near 488 and 480...

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 505.5 to 508 and 514.

Trade Accordingly

Support is at 1780 to 1774. Below that buyers should appear near 1757 and the 1738 to 1731 region.

Resistance is at 1808 to 1822 and 1832

Support is at 5210 and 5121 to 5080.

Resistance should appear at 5275 and 5344 to 5355.

Support is at 4381 to 4370 and 4315 to 4305 under that 4284 should hold for a bit..

Resistance is at 4446 then 4503 to 4514 and 4542 then 4570.

Support is at 462 1/4 and 459 1/2 BW Traders can buy at 459, risk a close under 457 1/4 for two days in a row. Below that support is at 454

Resistance is at 466 3/4 and 473 1/2. However a close over 472 is friendly and augurs for a test of 482

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

Support is at 469 and 467 1/2 then 465 to 463.

Resistance is at 471 3/4 Beyond that sellers should appear near 473 3/4 and 477.

Support is at 136.70 and 134.6 to 133.60 BW traders can buy at 133.6 risk a close under 132.20 for two days in a row.

Resistance is at 138.70 to 139.10 and 140.1

Resistance is at 1682 and 1689 to 1696.

Support is at 227 1/4 to 226 1/2 and 225 1/2.

Resistance is at 229 3/4 and 2311/2 to 232 1/2

Support is at 268 1/2 , day traders can buy at 268 3/4 , risk 8 cents. Under that

support is at 267 1/4 and 263.

Resistance is at 271 1/2 and 274 1/2. A close over 274 1/2 is friendly and augurs for a test of 280 1/2 where resistance should appear...

On the Upside resistance 5598 then 5622 and 5646.

On the DownSide support is at 5553 and 5522 then 5504 to 5496

Support is at 559 below that support is at 538 to 534 and 525

Resistance should appear at 563 to 565 then 572 and 591 beyond that 601 to 609 should cap a rally.

On the DownSide, early support is at 106.80 then 106.50 to 106.30 Hearty Day

Traders can buy at 106.90 and hold for higher prices.. Below that support is at 105.80. Under that buyers should appear near 104.70 then 104.00 to 103.60 and 103.20

On the Upside, Resistance is at 107.30 beyond that a test of 108.20 is likely. Above that resistance is at 109.00. Beyond that a test of the 109.60 to 110.10 / 110.60 region is likely.

A close over 107.30 is friendly.

Support should appear near the 1101 to 1096 under that buyers should appear near 1043 and the 1036 to 1032 region. BW traders can buy at 1034 and hold for higher prices.

Resistance is at 1105, beyond that sellers should appear near 1119 and the 1130 to 1136 / 1143 regions.

Support is at 6447 and 6432 to 6417, below that 6397 and 6367 offer support.

Support is at 5117 and 5067 to 5037. Below that support is at 5017 to 4987.

Resistance is at 5172 to 5187 then 5217.. A close over 5172 is friendly and augurs for a test of 5317

Resistance is at 5417 to 5430. Beyond that sellers should appear near 5477 and 5492 to 5502 and 5522. Beyond that sellers should appear near 5552 to 5577.

A close over 5297 is friendly

Support is at 4247 to 4237 and 4212 to 4207. Under that support is at 4177 to 4162 and then 4122 to 4112 region . Below that 4057 should hold.

Resistance is at 4302 to 4317 then 4357. Beyond that sellers should appear near 4427 to 4447 and 4507 to 4512.

A close over 4357 is friendly and augurs for a test of 4507 to 4512 and eventually the 4692 to 4717 region.

On The DownSide support is at 114-16 and 114-10 to 114- 07 under that support is at 113-16 and 113-10

On the Upside: Resistance is at 115-03 to 115-05 and 115-10 beyond that sellers should appear 115-16. A close over. 115-16 is friendly and augurs for a test of 116-16.

On the DownSide Early Support is at 1340, Hearty Day Traders , can buy at 1340, put your own risk on it and stay tuned...below that support is at 1334. Under that

Buyers should appear near 1325.60 to 1323.90. and 1322.. Where it should hold on a hard decline basis the close.

Resistance remains at 1346. Beyond that resistance is at 1355.80 to 1357.60 and 1361.50 .. .A close over 1346 is friendly and augurs for a an eventual test of 1361.50

and the 1377 to 1383 region...

Resistance is at 10,783 and 10,812 to 10,820. A close over 10,820 is friendly and augurs for an eventual test of 10,909 and most likely the 10,960 to 11,010 and 11,035 regions.