Wed July 7, 1999

05:55 AM

On the Frenzied Forex Front

Sept. Japanese-Yen

Nearby Support is at 8262 and 8243. A close under 8262 augurs for a test of the 8223 to 8194 region Under that support is at 8164 and 8134 to 8119..

BW Traders can buy at 8164 for a bounce , risk a close under 8119 for two days

in a row.

Nearby Resistance is at 8300 to 8314. Beyond that sellers should appear near 8343 and 8352. BW Traders can sell at 8307, risk a close over 8352 for three days in a row.

Beyond that resistance is at 8391 to 8406 and 8443.

Support should appear near 5249 and the 5211 to 5200 region.

BW Traders can buy at 5211 for a good turn higher and Hold for higher prices.

Resistance is at 5282. A close over 5282 is friendly and augurs for an eventual test of the 5344 to 5356 region...

BW Traders should go long if a close over 5282 occurs.

Nearby Support is at 6423 and 6417, a close under 6417 is negative and augurs for a test of 6382 and eventually the 6350 to 6337 region.. BW Traders can buy at 6350 for a turn higher, risk a close under 6337 for three days in a row.

Nearby Resistance is at 6430, a close over 6430 is friendly and augurs for a test of

6457. Beyond that resistance is at 6482 to 6509 where good sellers should appear..

BW Traders should go long if a close over 6430 occurs

Support is at 1.5568 and 1..5520

Resistance is at 1.5668 and 1.5690

Support is at to 6803 and 6782. Below that support should appear near the 6755 to 6741 region. BW Traders can buy at 6755 for a turn higher, risk a close under 6741 for three days in a row.

Resistance is at 6836 and 6851 . Day traders can sell at 6822 for a turn lower , risk 20 pts.. Beyond that resistance is at 6871. A close over 6871 augurs for a test of the 6906 to 6919 region BW Traders should go long if a close over 6871 occurs..

Nearby Support at 256.80 to 255.20 region.

Resistance is at 260 to 262

Nearby Support is at 7590 Under that support should appear near the 7515 to 7485 and the 7430 to 7420 region. BW Traders can buy at 7420, risk a close under 7315 for three days in a row.

Nearby Resistance is at 7765 to 7780. A close over 7790 is friendly and augurs for a test of the 7835 to 7865 region . Beyond that a test of 7920 and 7940 to 7955 is likely. BW Traders can sell at 7940 , risk a close over 7955 for three days in a row.

Trade Accordingly and stay tuned.

Support is at 344.3 to 342.5. Below that support at 338.6 to 337.7 and 335.3

Resistance is at 347.5 and 350.3. A close over 350.3 is friendly and augurs for a test of 354.5 and the 355.3 to 356.3 region.

On the DownSide nearby support is at 521.5. Under that support is at 515.5 to 512.5 and 507. BW Traders should buy at 507 and risk a close under 497 for three days in a row. Under that support at 490 should hold..

On the Upside. Nearby resistance is at 527 and 533 then 538 and 542.5 A close 539 is friendly and augurs for a test of 549.5 to 551.5 BW traders can go long if a close over 539 occurs. Trade Accordingly and Stay tuned...

Nearby Support is at 1964 and 1953 to 1946 under that BW Traders can buy at 1939 for a bounce risk a close under 1902 for two days in a row. Below that support is at 1893 and the 1869 to 1868 region which should contain a decline for the time being.

BW Traders can buy at 1869 and hold for higher prices

Resistance is at 1982 to 1996 . Beyond that resistance is at 2034 to 2042 and 2056. However a close over 2042 is friendly and augurs for a test of the 2080 to 2088 region.

Nearby Support is at 5792 and 5751 BW traders can buy at 5751 for a good bounce, risk a close under 5716 for two days in a row. Below that support is at 5653 to 5640 and 5577 to 5553.

Resistance should appear at 5855 to 5880 A close over 5880 is friendly and augurs for a test of the 5945 to 5957 and 5991.

BW Traders should go long if a close over 5880 occurs

Support is at 4861 to 4845. BW traders can buy a dip at 4861 risk a close under 4815 for two days in a row Below that support near the 4775 and 4745 should hold for a bit. BW Traders can buy at 4775, risk a close under 4995 for three days in a row.

Resistance is at 4940 and 4973 to 4995 Beyond that a trade towards the

5036 to 5067 region is likely to occur. Above that resistance is at 5127 to 5139

and 5170.

Trade Accordingly.

Nearby Resistance is at 425 3/4 and 427 1/2

Support is at 415 1/2 and 413 1/4 then 399 1/2

Resistance is at 127.7 and 129.8

Support is at 123.80 to 123.20 region Below that 121.70 should stop the decline for a bit..

Resistance is at 1613 and 16.48 to 1658

Resistance is at 206 3/5 and 207 3/4 then 212

Support is at 204 1/4 to 203 below that 199 3/4 to 198 region should hold for a bit.

Resistance is at 249 3/4 and 251 3.4 .. A close over 253 3/4 is friendly and augurs for a test of 261 and 263 where resistance should appear. BW Traders should go long if a close over 253 3/4 occurs..

Support is at 246 3/4 and 242 1/2. Under that buyers should appear near the

237 to 235 1/2 region and contain the decline for a while, BW traders can go long at 237 risk a close under 235 1/4 for three days in a row .

Trade accordingly

On the DownSide support is at 5282 and 5259. Below that buyers should appear near the 5211 to 5200 region..Below that support 5139 to 5127 and 5067 to 5036..

On the Upside Nearby Resistance is at 5335 and 5344 to 5356. A close over 5344 is friendly and augurs for a test of 5418 to 5430 region..Beyond that resistance is at 5492 to 5504.

BW Traders should go long if a close over 5344 occurs..

Support is at 569 then 563 to 559 under that support is at 538 to 529.

Resistance should appear at 582 to 586 and 599

On the Upside, Resistance is at 9445 and 9520 then 9625 to 9640..

On the DownSide, early support is at 9080 to 9045 and 8890 to 8870

Support is at 986. BW Traders can buy at 986, risk a close under 967.

Resistance is at 1000 to 1005 and 1012 to 1015 Beyond that sellers should appear near 1034.

Support is at 6237 then 6202 and the 6190 to 6165 region where traders can buy at 6165 for a bounce and risk a close under 6112 for three days in a row.

Day traders can buy at 4382 for a turn higher,. Under that buyers should 4352 and

4282.

Resistance is at 4477 and 4502 to 4517, beyond that resistance is near 4572

and 4637..

Support should appear near the 3562 to 3552 region. Below that 3472 should hold for a bit. Below that support is at 3377 and 3212 to 3192..

Resistance is at 3672 and 3727 and 3772. A close over 3772 is friendly and augurs for a test of 3857 to 3867 BW Traders should go long if a close over 3772 occurs.

On The DownSide support is at 115-00 and 114-27 then 114-20 to 114-18. BW Traders can buy at 114-18 and hold for higher prices, risk a close under 113-12 for three days in a row. .

On the Upside Nearby Resistance is at 115-18, a close over is friendly and augurs for a test of resistance at 116-08 and 116-18.

Trade Accordingly.

On the DownSide Nearby Support is at 1399.80 to 1399.00 Under that support is at 1395.40 to 1394.80 and 1393.50 BW Traders can buy an early dip at 1395.40 put your own risk on it and stay tuned. A close under 1394.80 augurs for a test of 1383.00 Below that support is near the 1380.00 to 1377.00 region. Under that Buyers should appear at 1369.20 to 1367.50 and 1361.50 Where it should hold on a decline basis the close. Traders can buy at 1361.50 for a bounce, again put your own risk on it and stay tuned for an exit... Below that support is at 1346.00 and 1340.00 Below that

1334. should contain a decline..

Nearby Resistance is at 1404.70 and 1413.50 to 1415.00 and 1417.20 Beyond that resistance is at 1421.00 A close over 1421.00 is friendly and augurs for a test of 1433.00 and 1437.00 to 1344.40 Beyond that resistance is at 1453.00 to 1459.00. BW Traders can sell at 1456.00 and hold for lower prices.

Below that support is at 10,849 to 10,820 and 10,790.

Resistance is at 11,155 and 11,179 to 11,191 beyond that resistance is should appear near the 11,287 to 11,300 region. Beyond that resistance is at 11,330 to 11,360.

A close over 11,155 is friendly and augurs for a test of 11,300...