Wed June 23, 1999

6:00 AM

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

Resistance is at 5321 and 5355 then 5371 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 5282 to 5259 region.. BW Traders can buy at 5282 and Hold for higher prices.

Resistance is at 6531 to 6537 , day traders can sell at 6537, risk 20 pts. Beyond that resistance is at 6578 to 6591.

Support is at 6509 to 6482. Below that 6430 to 6417 should contain a decline

Support should appear near the 15760 to 1.5690 region . 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 1.5836 and 1.5886 then 1.5926

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 6834 a turn lower. 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 6645 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 6725 to 6750. 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 346.5 and 340.5

Resistance is at 350 and 353.5

On the DownSide: support is at 504.5 and 499.5 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 510. A close over 512 is friendly and augurs for a test of 523 ..

Trade Accordingly

Support is at 1794 and 1780 to 1774. Day traders can buy at 1781, risk 15 pts. Below that support is at 1769 and 1738 to 1732 which should contain a decline for the time being.

Resistance is at 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 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 and 4510 to 4525. An extended trade over 4525 is friendly and indicates a test of 4590.

Trade Accordingly.

Support is at 464 1/2 Below that support is at 462 and 452.

Resistance is at 470 1/2 and 475 1/4 .

Support is at 471 and 468 1/2

Nearby Resistance is at 476 1/2 and 478 1/2

Support is at 138.6 then 134.6 to 133.

Resistance is at 141.0 and 142.2 then 143.

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

the 1731 to 1738 and 1755.

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

Support is at 226 1/4 to 225 1/2 below that the 222 3/4 to 221 2/3 region should hold.

Resistance is at 228 1/4 and 230.

Support is at 260 1/2 to 259 3/4 and 258..

Resistance is at 264 to 266 then 269 3/4.

On the DownSide support is at 5572 and 5522 then 5504 to 5492.

On the Upside resistance is at 5619 then 5640 to 5653 and 5672 to 5688

Nearby Support is at 631 to 628 . Day traders can buy at 631 risk 35 pts. Under that support is at 618 then 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 644 then 655 to 663. A close over 661 is friendly and augurs for a test of 682 to 686

Trade Accordingly

On the DownSide support is at 107.10 to 106.80 . day traders can buy at 107.10 and hold for higher prices... Below that buyers should appear near 106.30 to 105.80 and 104.70.

On the Upside, Resistance is at 107.80 and 108.20. An extended trade over 108.20 is friendly and augurs for a test of 109.60 to 110.10.

Support should appear at 1130 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 1139 then 1156 and the 1164 to 1169 region. Beyond that sellers should appear near 1176 .. However 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 6347 to 7337.. Failure to maintain a posture over 6337 is negative and augurs for a test of 6297 and the 6270 to 6257 region. Below that buyers should appear near 6237.

.

Support is at 5137 and 5102 under that support is at 5002. .

Resistance is at 5202 to 5212. An extended trade or close over 5212 is friendly . and augurs for a test of 5282 to 5302.

Support is at 5312 to 5302. Day traders can buy at 5317 risk 70 pts. Under that

support is at 5287 to 5257 .Below that 5202 should contain a decline today.

Resistance is at 5357 and 5402. A close over 5417 is friendly and augurs for a test of the 5502 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 4187 to 4162

Resistance is at 4447 and 4462 then 4487.

If perchance a close over 4517 occurs a test of 4617 and 4637 to 4657 is likely to occur.

On The DownSide support is at 114-12 then 114-02. Below that support is at 113-15 and 113-3 to 112-27.

On the Upside Nearby Resistance is at 114-21 and 115-02 and 115-16

Trade Accordingly.

On the DownSide Support is at 1341.20 and 1340 Where it should hold on a decline basis the close. BW Traders can buy at 1340 for a bounce, put your own risk on it and stay tuned for an exit... Below that support is at 1335.50 and 1334. Below that support is at 1328.10 then 1324.90 and 1322 BW Traders can buy at 1322 and hold. Under that the 1310 to 1304 and 1292 regions should provide support.

Resistance is at 1346 and 1349.60 then 1356.10 to 1357.40 beyond that sellers should appear near 1361.50. A close over 1361.50 is friendly and augurs for a test of 1377 to 1383

Below that support is at 10,652 to 10,630 and 10,580..

Resistance is at 10,773 and 10,820 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