Wed July 14 1999

06:00 AM EST

On the Frenzied Forex Front

Sept. Japanese-Yen

Nearby Support is at 8314 to 8300 and 8285.

Nearby Resistance is 8352 Beyond that resistance is at 8391 to 8406 and 8443.

Support should appear near the 5211 to 5207 and 5200.

Resistance is at 5235 and the 5259 to 5282 region.

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

Support is at 6369 and 6350 to 6337 Below that 6307 to 6293 should stop

the decline for a bit..

Resistance is at 6382 and 6417 to 6430

Traders Accordingly

Support is at 15532 and 1.5512 then 1.5450.

Resistance is at 1.5606 and 1.5690.

Support should appear near 6748 and 6741 region. Below that buyers should appear near 6712 to 6707 then 6702

Resistance is at 6764 and 6782, a close over 6782 is friendly and augurs for a test of 6809 to 6822. Day traders can sell at 6809 for a turn lower, risk 30 pts.. Beyond that resistance is at 6855 and 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 254.6 and 251.9 to 249.

Resistance is at 257 and 259.9

Nearby Support is at 7585 to 7540 Day traders can buy at 7545, risk 150 pts.

Under that support should appear near the 7515 to 7485 and the 7430 to 7420 region. Traders can buy at 7420, risk a close under 7315 for three days in a row. Below that 7245 and 7170 to 7140 should contain a decline for a bit

Nearby Resistance is at 7740 to 7780. A close over 7790 is friendly and augurs for a test of the 7835 to 7865 region . Beyond that a test of 7940 and 7985 is likely

Support is at 346.5 Below that support is at 341

Resistance is at 349 and 354.5 then 358.5

On the DownSide nearby support is at 512.5 and 507 then 499 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 resistance is at 521 and 528.

BW traders can go long if a close over 539 occurs.

Trade Accordingly and Stay tuned...

Nearby Support is at 2024 and 1997, day traders can buy at 1997 and hold for higher prices. Under that support is at 1982 to 1974 .. while 1953 to 1948 should hold basis the close.. Below that BW Traders can buy at 1939 for a bounce risk a close under 1902 for two days in a row.

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. Beyond that resistance is 2126 to 2134 ... Traders can sell at 2126 for a turn lower, risk a close over 2134 for two days in a row. Beyond that 2170 to 2185 should cap a rally.

Nearby Support is at 5945. Day Traders can buy at 5945, stay tuned and hold for higher prices.. Below that support is at 5880 to 5855 and 5818 then 5782. Below that BW traders can buy at 5751 for a good bounce, risk a close under 5716 for two days in a row.

Resistance should appear near 6101 to 6113 and 6170 to 6190.. BW Traders can sell at 6113 for a turn lower, risk a close over 6190 for two days in a row. Beyond that sellers should appear near 6257 to 6270.

Support is at 5187 then 5153 and 5128. Day traders can buy at 5128 and hold for higher prices Under that support is at 4995 to 4978 and 4926 to 4915.

Resistance is at 5153 to 5178. Above that resistance is at he 5344 to 5356 and the 5418 to 5430 region BW Traders can sell at 5430 , risk a close over 5504 for three days in a row Trade Accordingly.

Nearby Resistance is at 421 to 423..beyond that sellers should appear near 435

Support is at 416 and 409 Below that 393 should stop the break...

Resistance is at 128.9 and 130.4

Support is at 125.9 and 122.40

Resistance is at 1584 and 1609 to 1615 beyond that sellers should appear near

1642 to 1655

Resistance is at 198 1/2 and 201

Support is at 194 and 192 then 188

Resistance is at 244 1/2 and 246 /4. Beyond that sellers should appear near 249

Support is at 239 to 237 which should 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

Support is at 4988 then 4926 to 4915 and 4856 to 4845.

Resistance is at 5058 to 5067 and 5122 then 5188 to 5200

Support is at 529 and 515 to 507

Resistance should appear at 534 then 545 and 559 to 563 then 570 .

On the Upside Resistance is at 9380 and 9425 to 9445 Beyond that resistance is at 9495 beyond that a test of 9525 to 9540 is likely.

On the DownSide support is at 9280 . Below that support is at 9250 and 9155 to 9140 then 9065 and 8990

Support is at 954 below that 941 to 932 should hold for a bit, under that buyers should appear near 904 and 876.

Resistance is at 976 and 982 to 986 Beyond that sellers should appear near the 1000 to 1005 region A close over 986 is friendly

Support is at 6270 to 6252 and 6227 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.

appear near 4302.

Resistance is at 4502 to 4517, beyond that resistance is near 4577

and 4602 .

Support should appear near 3247 and 3122 to 3092 under that 3082 to 3062 should contain the decline for a bit..

Resistance is at 3352 to 3362 and 3407 beyond that sellers should appear

near 3527. .

On The DownSide support is at 116-23 and 116-16 , day traders can buy at 116-23

risk 10 pts below that support ids at 116-08 and 115-26 to 115-24.

On the Upside Nearby Resistance should appear near the 117-05 and 117-22 to

117-24 .. BW Traders can sell at 117-22 for a turn lower. Above that resistance is at 118-18 to 118-22 Hearty BW Traders can sell at 118-16 and hold for lower prices...

On the DownSide Nearby Support is at 1403.10 to 1402.50 and 1400.40 to 1399 then 1397.50 An extended slip or close under 1399 augurs for an eventual test of the 1385.60 to 1383.00 region. Day traders can buy at 1383 and hold for higher prices. 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. BW Traders can buy at 1361.50 for a bounce, put your own risk on it and stay tuned for an exit.

Nearby Resistance is at 1409.90 beyond that sellers should appear near 1415.00 and 1416.40, day traders can sell at 1415 for a quick turn lower . Above that

resistance is at 1417.40 to 1418.00 and 1421 Beyond that resistance is at 1424.80

Where it should hold on a good decline.

Resistance is at 11,228 to 11,237 and 11,271 then 11,300 Beyond that resistance is at 11,330 and 11,360 which Should Cap the rally for a bit.. .