Monday July 5, 1999
07:34 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..

Traders can buy at 8164 for a bounce , risk a close under 8119 for two days in a row. Below that buyers should appear near the 8044 to 8029 , hearty traders can buy at

8045 and hold for higher prices.

Nearby Resistance is at 8300 to 8314. Beyond that sellers should appear near 8343 and 8352. 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. Traders can sell at 8443 for a turn lower, risk a close over 8484 for two days in a row.

Support should appear near the 5259 to 5249 and the 5211 to 5200 region. Traders can buy at 5211 for a good turn higher and Hold for higher prices.

Below that support is at 5169 and 5139 to 5127..

Traders can buy at 5139 and risk a close under 5123 for three days in a row.

Resistance is at 5270 and 5282. A close over 5282 is friendly and augurs for an eventual test of the 5344 to 5356 region...A close over 5356 is friendly and indicates a test of the 5418 to 5430 region. Beyond that resistance is at 5492 to 5504.

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.. Traders can buy at 6350 for a turn higher, risk a close under 6337 for three days in a row. Below that 6304 and the 6270 to 6257 region offer support.

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.. However a close over 6509 is friendly and indicates an eventual test of 6543 to 6557 and the 6577 to 6591 region. Above that resistance is at 6610 and 6626.

Traders can sell at 6591 for a turn lower, risk a close over 6627 for two days in a row. Above that sellers should cap a rally near the 6656 to 6673 region.

Traders should go long if a close over 6430 occurs

Support should appear the 1.5690 region. Traders can buy at 1.5726 risk a close under 1.5690 for two days in a row. Below support is at 1.5642 and 1.5520 then  1.5442.

Resistance is at 1.5842 and 1.5924 to 1.5942. Traders can sell at 1.5924 for a turn lower and risk 100 pts. Beyond that is at resistance 1.6090 and 1.6150. Traders can sell at 1.6120, risk a close over 1.6150 for two days in a row.

Support should appear at 6836 to 6822 A close under 6822 augers for a test of Support at 6809 to 6801 and 6782. Below that support should appear near the 6755 to 6741 region. Traders can buy at 6755 for a turn higher, risk a close under 6741 for three days in a row.

Resistance is at 6851 and 6871. A close over 6871 augurs for a test of the 6906 to 6919 region Beyond that resistance is at 6954 and 6990 to 7003, traders can sell at 6990 for a quick turn lower, risk a close over 7003 for two days in a row.

Traders should go long if a close over 6871 occurs..

Nearby Support is at 264.2 Traders can buy at 264.20 and hold for higher prices... . Below that support is at 262 to 261.20 and 260. A close under 260 is negative and augurs for a test of the 256.80 to 255.20 region.

Resistance is at 266.3 to 267.2 and 270 Beyond that resistance is at 271.6 to 272.4.

and 275.2

Nearby Support is at 7590 Hearty Traders can buy at 7590 and hold... 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 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. Traders can sell at 7940 , risk a close over 7955 for three days in a row.

Beyond that resistance should appear near the 8025 to 8045 region. Above that

Sellers should appear near 8085 and the 8115 to 8135 region.

Trade Accordingly and stay tuned.

Support is at 347 and 344.3 to 342.5. Traders can buy at 344.5 and hold for higher prices.. Below that support at 338.6 to 337.7 and 335.3

Resistance is at 349.3 to 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. Beyond that resistance should appear near the

361.3 to 362.3 region. Traders can sell at 361.8 for a turn lower, risk a close over 364.5 for two days in a row.

On the DownSide nearby support is at 532.5 and 527..Aggressive Traders can buy at

533 Below that support should appear near 530 and 521.5. Under that support is at 515.5 to 512.5 and 507. 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 538 and 542.5 A close 539 is friendly and augurs for a test of 549.5 to 551.5 Beyond that resistance is at 555.5 to 557.5 and

564 to 567.5. Beyond that sellers should appear near 572.5 to 574.5 and 590.5.

Traders can sell at 588 for a turn lower, risk a close over 596 for two days in a row.

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

Trade Accordingly and Stay tuned...

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.

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 5805 to 5792 and 5751, 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. Heart Traders can buy at 5577 and hold for higher prices..

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. Beyond that resistance is at 6023 to 6035 and

6101 to 6113 and 6170 to 6190.. 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.

Traders should go long if a close over 5880 occurs

Nearby Support is at 4861 to 4845. Aggressive traders can buy an early dip to 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. Traders scan buy at 4775, risk a close under 4995 for three days in a row. Below that support is at 4582 to 4517.

Resistance is at 4915 to 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. Above that resistance is at he 5344 to 5356 and the 5418 to 5430 region Traders can sell at 5430 , risk a close over 5504 for three days in a row.

Trade Accordingly.

Nearby Resistance is at 442 2/3 to 444 3/4 and 447 A close over 445 1/2 augurs for a test of 452 to 455 beyond that a test of 470 is likely. Traders should go long if a close over 445 3/4 occurs.

Support is at 432 and 427. Under that support should appear near 424 to 423 and 415 1/2.

Resistance is at 130.40 to 131.2 a close over 131.2 is friendly and indicates a test of 133.4. Beyond that resistance is at 134.6 and 136.5.

Support is at 127.4 and 126.8, Under that support is at near the 123.80 to 123.20 region Below that 121.70 should stop the decline for a bit..

Resistance is at 1662 and 16.89 to 1696. A close over 1696 is friendly and augurs for a test of the 1731 to 1738 and 1748 to 1756 regions . A close over 1756 is friendly and augurs for a test of 1774 to 1780 and 1808 to 1822. Beyond that a test of 1858 to 1869 is likely to occur if it holds.

Resistance is at 212 3/4 and 214 3/4. A close over 214 3/4 is friendly and augurs for a test of 217 and eventually then 221 1/2 to 223 region where good sellers should ..

appear.

Support is at 207 3/4 and 204 1/4 to 203 below that 199 3/4 to 198 region should hold for a bit.

Resistance is at 253 3/4 . A close over 253 3/4 is friendly and augurs for a test of 261 and 263 where resistance should appear. Beyond that sellers should appear near 269. To 271 3/4 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 , 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.

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

Nearby Support is at 609 and 601, aggressive traders can buy at 607, risk a close

under 582 for two days in a row. Below that support is at 586 to 582 and 563 to 559

Traders can buy at 565 and risk a close under 559 for two days in a row.

Resistance should appear at 621 then 630 to 634 and 645.. Beyond that resistance is at 656 to 661. A close over 661 is friendly and augurs for a test of 682 to 686 and eventually 704 to 712 which should cap a rally. Traders can go short at 704 for a turn lower risk a close over 712 for three days in a row.

Trade Accordingly

On the Upside, Resistance is at 100.00 to 100.50 , a close over 100.65 is friendly and indicates an eventual test of 101.80 and the 103.20 to 103.60 region.

Above that resistance should appear near the 105.80 to 106.80 region.

On the DownSide, early support is at 9735 to 9705 and 9640 to 9625 . Under that buyers should appear near 9545 to 9525 and the 9445 to 9425 region..Hearty Traders can buy at 9445 and hold for higher prices..

Traders can go long if a close over 100.25 occurs.

Support is at 1036 to 1032. Traders can buy at 1036, risk a close under 1030 for two days in a row. Below that support is at 1019 and the 1005 to 1000 region.

Below that good buyers should appear near 986. Traders can buy at 986, risk a close under 967.

Resistance remains near the 1058 to 1068 region and at 1083.

Beyond that sellers should appear near 1119 and the 1130 to 1136 region. Beyond that resistance is at 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. Beyond that resistance is at 1268 to 1274 Traders can sell at 1268, risk a close over 1304 for three days in a row.

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. Below that

buyers should appear near 6037 to 6022.

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

and 4637..Beyond that resistance is at 4695 to 4717 and 4845 to 4857..

Traders can sell at 4857 and hold for lower prices..

Support is at 3682 to 3667. Traders Who have Ice water Running through their veins can buy at 3682 and hold for higher prices Under that support is at 3622 to 3612 and 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 3727 and 3772. A close over 3772 is friendly and augurs for a test of 3857 to 3867 and eventually the 44047 to 4057 region. If perhaps a close over 4122 occurs a test of 4302 to 4317 is likely.

Traders should go long if a close over 3772 occurs.

On The DownSide support is at 115-17 to 115-12. Traders can buy at 115-17 and hold for higher prices.. Under that support is at 114-29 and 114-20 to 114-18. Traders can buy at 114-18 and hold for higher prices, risk a close under 113-12 for three days in a row. Below that 113-03 to 112-27 offers support.

On the Upside Nearby Resistance is at 116-06 and 116-17.A close over 116-17 is friendly and augurs for a test of resistance at 116-29 to 116-31 and the 117-17 to 117-22 region. Traders can sell at 117-22 for a turn lower. Above that resistance is at 118-16.

Hearty traders can sell at 118-16 and hold for lower prices...

Trade Accordingly.

On the DownSide Nearby Support is at 1406.20 and 1399.70 to 1399.00 Aggressive Traders can buy at 1399.10 for a turn higher put your own risk on it and stay tuned. Under that support is at 1395.40 to 1394.80. 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 1415.00 to 1415.70 and 1418.00 Traders can sell at 1415.00 for a quick turn lower, risk a close over 1418.00 for three days in a row. 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. Traders can sell at 1456.00 and hold for lower prices.

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...