Monday June 21, 1999
7:00 PM 

On the Frenzied Forex Front

Sept. Japanese-Yen

Nearby Support is at 8261 and 8223 under that 8194 to 8183 should hold, Day

Traders can buy at 8194 for a bounce, risk 30 pts.

Resistance is at 8283 and 8296 to 8300 and 8314. A close over 8314 is friendly and augurs for a test of 8365.

Resistance is at 5356 to 5368 beyond that resistance is at 5418 to 5430. BW

Traders can sell at 5418, risk a close over 5462 for two days in a row.

Support should appear near the 5314 and the 5282 to 5259 region.. BW Traders can buy at 5282 and Hold for higher prices.

Resistance is at 6544 and 6578 to 6591. Above that resistance is at 6624. Beyond that resistance is at 6656 to 6673 where sellers should cap a rally.

Support is at 6528. Below that support is at 6509 to 6482. BW Traders can buy at 6509, risk a close under 6482 for three days in a row.

Support should appear near 1.5886 and 1.5830 below that a eventual test of the 1.5760 to 1.5690 region is likely . BW Traders can buy at 1.5760 for a good turn higher, risk a close under 1.5690 for two days in a row.

Resistance is at 1.5926 and 1.6002 then the 1.6090 to 1.6150 region. BW Traders can sell at 1.6120 for a turn lower, risk a close over 1.6150 for two days in a row.

Support should appear at 6782 to 6772. BW Traders can buy at 6782 for a turn higher , risk a close under 6755 for two days in a row.. Under that buyers should appear near 6741 and 6707.

Resistance is at 6809 and 6832 Day traders can sell at 6821 a turn lower. Risk 30 pts. Beyond that BW Traders can sell at 6871 for a turn lower risk a close over 6906 for three days in a row. Above that resistance is near 6906 and 6919.

Support is at 258.2 and 256.80 to 255.3 Traders can buy at 256.20 and hold for higher prices. Below that 252.70 and the 251.90 to 251.10 region.

Resistance is at 261.2 to 262 and 263.2. Beyond that resistance is at 264.1 and

the 266.30 to 267.20 region.

Nearby Support is at 6675 to 6655. Under that support should appear near the 6595 to 6575 region. BW Traders can buy at 6595, risk a close under 6505 for three days in a row.

Nearby Resistance is at 6720 and 6765. A close over 6765 augurs for a test of

resistance at 6905 to 6920 and 6690 to 7005. Above that seller's should appear near 7075 to 7080

Trade accordingly

Support is at 339.5 and 333.5

Resistance is at 344.7 to 349

On the DownSide: support is at 499.5 and 491.5 Below that support should appear near 488 and 485.5 to 484. BW Traders should buy at 485.5 and risk a close under 478.5 three days in a row.

On the Upside. Nearby resistance is at 506.5 to 508. A close over 506.5 is friendly and augurs for a test of 512.5 to 513.5 region . Beyond that resistance is at 517 and 523 to 528.5. BW Traders should go long if a close over 506.5 occurs.

Trade Accordingly

Nearby Support is at 1780 to 1774. Below that support is at 1768 and 1738 to 1732 which should contain a decline for the time being.

Resistance is at 1793 to 1796 and 1808 then 1822. A close over 1822 is friendly and augurs for a test of 1858 to 1862 .

Support is at 5139 to 5127, BW traders can buy at 5127, risk a close under 5067 for two days in a row. Below that support is at 4995 to 4970. Which should contain a break

Hearty BW Traders can buy at 4995, risk 150 pts.

Resistance should appear at 5183 and 5221 then 5255. A close over 5255 is friendly and augurs for a test of the 5325 and beyond.

Support is at 4446 to 4432. Under that 4390 to 4370 should hold for a bit.. Below that 4335 and 4315 to 4304 should contain a decline for now. BW Traders can buy at 4315 and risk a close under 4304.

Resistance is at 4490 to 4510 an extended trade over 4515 is friendly and indicates a test of 4616.

Trade Accordingly.

Support is at 469 1/2 and 467 1/2 Below that support is at 461 and 447.

Resistance is at 474 1/2 and 480 1/4 . A close over 478 3/4 is friendly and augurs for a test of 485 to 489.

Support is at 477, under that support should appear near 471 to 469 1/2

Nearby Resistance is at 479 1/2 and the 484 1/2 to 485 3/5 region. A close over

485 3/4 augurs for a test of 497 to 499 1/2 then 505.

Support is at 140.60 and 137.80 then 134.60 to 133.

Resistance is at 141.0 and 142.2 then 143.

Resistance is at 1689 to 1696. A close over 1696 is friendly and augurs for a test of

the 1731 to 1738 and 1748 to 1756 regions .

BW Traders should go long if a close over 1696 occurs.

Support is at 229 3/4 and 226 3/4 then 225 below that the 222 3/4 to 221 2/3 region should hold.

Resistance is at 234 3/4 and 236 1/2. A close over 235 1/2 is friendly and augurs for a test of 241 to 241 3/4 and eventually 245 1/2.

BW Traders should add / go long if a close over 235 1/2 occurs.

Support is at 266 1/2 and 263 1/2. Under that support is at 260 3/4 and 258.

Resistance is at 269 1/2. A close over 269 1/2 is friendly and augurs for a test of 275 1/4 and 279 1/4 to 281 where resistance should appear.

Trade accordingly

On the DownSide support is at 5504 to 5492. Under that 5355 and the 5220 to 5220 should Hold.

On the Upside resistance is at 5540 and 5570 to 5605 then 5640 to 5653

Nearby Support is at 617 . Day traders can buy at 617 risk 20 pts. Under that support is at 609 and 601. Below that support is at 586 to 582 and 576 BW Traders can buy at 582 and risk a close under 563.

Resistance should appear at 630 to 634 and 655 to 661 then 670. A close over 661 is friendly and augurs for a test of 682 to 686

Trade Accordingly

On the DownSide support is at 104.70 to 104.45 and 103.60 and 103.20

Below that support is at 101.85 and 100.50 to 100.00

Support should appear at 1153 and 1139 to 1130 Day traders can buy at 1139 for a bounce, risk 20 pts under that support is at 1101 to 1096 . BW Traders can buy at 1101 and hold for higher prices. Below that support is at 1068 to 1058 and 1036 to 1032.

Resistance is near 1164 to 1169 A close over 1169 is friendly and augurs for a test of 1192 to 1203 and eventually 1220 then 1232 to 1238.

Support is at 6337 Failure to maintain a posture over 6337 is negative and augurs for a test of 6297 and the 6270 to 6257 region. Under that support is at 6217.

Support is at 5097 and 5012 to 4997.

Resistance is at 5197 and 5212.. Beyond that resistance is at 5282 to 5307.

Support is at 5282 to 5255 and 5212 to 5197. Day traders can buy at 5197 risk 50 pts. Under that support is at 5117 to 5097 .

Resistance is at 5312 to 5317 then 5347 to 5357 and 5397. A close over 5417 is friendly and augurs for a test of the 5492 to 5522 region. BW Traders should go long if a close over 5417 occurs.

According to our Special Report Traders should Go long if a close over 5297 occurs

In addition Aggressive traders can also go long if a close over 5317 occurs..

Support is at 4377 to 4367 and 4317 to 4302 . Day Traders can buy an early dip to 4317 and hold for higher prices., Under that support is at 4242 and 4222 to 4192

Resistance is at 4427 to 4447 and the 4492 then 4502 to 4517. If perchance a close over 4517 occurs a test of 4637 to 4657 is likely.

On The DownSide support is at 114-21 to 114-17 and 114-13 then 114-01 BW Traders can buy at 114-21 and hold for higher prices, risk a close under 113-12 for three days in a row. Below that support is at 113-18 and 113-03 to 112-27.

On the Upside Nearby Resistance is at 115-02 and 115-18 then 116-01 beyond that sellers should appear near the 116-27 to 117-02 region. Hearty BW Traders can sell at 116-29, risk a close over 117-08 for two days in a row.

Trade Accordingly.

On the DownSide Support is at 1356.30 and 1355.20 Day Traders , can buy an early dip at 1356.40 for a turn higher, put your own risk on it and stay tuned. Below that

support is at 1352.60 and the 1346 region. Under that Buyers should appear at 1340 Where it should hold on a decline basis the close. BW Traders can buy at 1340 for a bounce, again put your own risk on it and stay tuned for an exit... Below that support is at 1335.50 and 1334.

Resistance is at 1361.50 failure to maintain a posture over is negative however a close over 1361.50 is friendly and augurs for a an eventual test of 1372.10 and most likely the 1377 to 1383 region..Beyond that sellers should appear near 1385.30 and the 1399 region.

Resistance is at 10,820 and 10,891, beyond that a test of 10,909 is likely. A close over 10,910 augurs for a test of 10,960 , above that resistance is at 11,010 to 11,020 and 11,053