Thursday June 24, 1999

5:03 AM

On the Frenzied Forex Front

Sept. Japanese-Yen

Nearby Support is at 8287 and 8261. Under that buyers should appear near 8223 and the 8194 to 8183 region, Day Traders can buy at 8194 for a bounce, risk 30 pts.

Resistance is at 8300 to 8314. A close over 8314 is friendly and augurs for a test of 8365. Beyond that sellers should appear near 8396.

Resistance is at 5335 then 5344 and 5356. Day traders can sell at 5344 , risk 20 pts. Beyond that resistance is at 5385 and 5418 to 5430. BW Traders can sell at 5418, risk a close over 5462 for two days in a row.

Support should appear at 5301 and near the 5282 to 5259 region..

Resistance is at 6544 to 6547, day traders can sell at 6547, risk 20 pts. Beyond that resistance is at 6577 to 6591.

Support is at 6530 and 6509 to 6494 and 6482..Below that 6430 to 6417 should contain a decline

Support should appear near the 15760 to 1.5690 region .

Resistance is at 1.5836 and 1.5886 then 1.5926

Support should appear at 6782 to 6772. Under that buyers should appear near 6755 to 6741 and 6707.

Resistance is at 6809 then 6822 and 6836 Day traders can sell at 6836 a turn lower. Beyond that resistance is at 6863 then 6871... 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 261.2 then 260.5 and 256.80 to 255.3 BW Traders can buy at 256.20 and hold for higher prices.

Resistance is at 263.1 to 263.6 Beyond that resistance is at 265.3

Nearby Support is at 6655 Under that support should appear near the 6595 to 6575 region and 6535. BW Traders can buy at 6595, risk a close under 6505 for three days in a row.

Nearby Resistance is at 6735 to 6765. A close over 6765 augurs for a test of

resistance at 6905 to 6920

Trade accordingly

Support is at 346.7 and 345.2

Resistance is at 350.5 and 353.5

On the DownSide: support is at 512 and 509. Day traders can buy at 512 , risk 7 cents. Below that support should appear near 499.5 and 488 to 485.5 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 517 A close over 517 is friendly and augurs for a test of 523 ..

Trade Accordingly

Support is at 1822 and 1808. Day traders can buy at 1822, risk 30 pts. Below that support is at 1795.

Resistance is at 1847 then 1858 to 1862 and 1875.

Support is at 5255 to 5235 and 5139 to 5127, BW traders can buy at 5127, risk a close under 5067 for two days in a row.

Resistance should appear at 5344 to 5355. A close over 5356 is friendly and augurs for an eventual test of the 5492 to 5504 and 5555 to 5577 regions

BW Traders should go long if a close over 5356 occurs

Support is at 4634 and 4555 top 4535, Day traders can buy at 4560 for a turn higher , risk 80 pts. Under that support is at 4514 to 4504

Resistance remains at 4639 to 4650, a close over 4650 is friendly and augurs for a likely test of the 4717 to 4735 region. Beyond that a trade towards the

4845 to 4856 should not be ruled out.... if it holds.

Trade Accordingly.

Support is at 464 1/2 Below that support is at 462 should hold today.

Resistance is at 478 1/2 and 471 3/4 .

Support is at 465 1/2 and 457.

Nearby Resistance is at 471 1/2 to 472 3/4

Support is at 137.6 then 134.6 to 133.

Resistance is at 139.4 and 141.6 to 142.2

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

the 1731 to 1738 and 1758.

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

Support is at 226 1/2 to 225 3/4 below that the 221 1/2 to 220 should hold.

Resistance is at 230 1/2 , a close over 230 1/2 augurs for a test of 235 1/2.

Trade Accordingly.

Support is at 262 1/4 to 260 3/4 and 258 1/2.

Resistance is at 264 1/2 to 265. A close over 265 augurs for a test of 270 1/4

Support is at 5504 to 5492 then 5475 and 5420

Resistance is at 5537 and 5575 to 5580.

Nearby Support is at 634 to 631 and 628. Day traders can buy at 630 risk 35 pts.

Under that support is at 621 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 656 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 106.80 and 106.30. Day traders can buy at 106.80 and hold for higher prices... Below that buyers should appear near 106.05 to 105.80 and 104.70.

On the Upside, Resistance is at 107.10 to 107.20 and 107.55 then 108.20.

An extended trade over 108.20 is friendly and augurs for a likely test of 109.60 to 110.10.

Support should appear at 1068 to 1058 and 1036 to 1032.

Resistance is near 1096 to 1101 and 1110 Beyond that sellers should appear near 1130 to 1136.

Support is at 6347 to 6337. 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 6232 to 6222.

.

Support is at 5127 and 5107 under that support is at 4992.

Resistance is at 5192 to 5212. An extended trade or close over 5212 is friendly . and augurs for a test of 5282 to 5302.

Support is at 5257 and 5207 day traders can buy at 5207, risk 50 pts, Below that 5107 to 5097 should contain a decline today.

Resistance is at 5297 to 5307 then 5337 Beyond that resistance is at 5417 to 5432. 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 4517 to 4502 and 4477 to 4467.. Day Traders can buy an early dip to 4477 and hold for higher prices., Under that support is at 4382 to 4370 and 4317,

Resistance is at 4617 and 4637 to 4657 . beyond that resistance is at 4692 to 4717 and 4767 to 4777.

On The DownSide support is at 113-21 then 113-14 and 113-03 to 112-27.

On the Upside Nearby Resistance is at 114-03 to 114-05 , a close over 114-05 is friendly and augurs for a test of 114-16 to 114-21.

Trade Accordingly.

On the DownSide Support is at 1342.90 and 1340 Where it should hold on a decline basis the close. Day 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 1334.70 and 1334. Below that support is at 1328.30 then 1324.90 to 1324.20 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 1349.80 above that resistance is at 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

Resistance is at 10,680 and 10,718 above that resistance is at 10,560 and 10,820