"Among the hazards of speculation the happening of the unexpected -I might even say the unexpectable - ranks high. There are certain chances that the most prudent man is justified in taking - chances that he must take if he wishes to be more than a mercantile mollusk--"Reminiscences of a Stock operator.

Friday June 25, 1999
6:12 AM 

On the Frenzied Forex Front

Sept. Japanese-Yen

Nearby Support is at 8314 to 8300 and 8261. Under that buyers should appear near 8223 and the 8194 to 8183 region, Day Traders can buy at 8307 for a bounce, risk 30 pts.

Resistance is at 8365. Beyond that sellers should appear near 8391 to 8406.

Day traders can sell at 8402 for a turn lower , risk 30 pts.

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 5356 and 5344 then 5282 to 5259 region..

Resistance is at 6624 beyond that sellers should cap a rally near the 6656 to 6673 region.

Support is at 6591 to 6577 and 6548. Below that 6523 should contain a decline today,

Support should appear near the 15886 and 1.5836 then 1.5760 .

Resistance is 1.5986 to 1.6002 and the 1.6090 to 1.6150 region. BW Traders can sell at 1.6120 for a turn lower, risk a close over 1.6150 for two days in a row.

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

Resistance is at 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 262. then 261.2.

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

Nearby Support is at 6735, day traders can Buy at 6740 Under that support should appear near the 6655 and 6595 then 6535. BW Traders can buy at 6595, risk a close under 6505 for three days in a row.

Nearby Resistance is at 6905 and 6940 and 6690 to 7005. Above that seller's should appear near 7075 to 7080 Beyond that resistance is at 7325 to 7340.

Trade accordingly

Support is at 347.7 and 344.2

Resistance is at 351.5 and 353.5

On the DownSide: support is at 515 and 509. Day traders can buy at 515 , risk 7 cents. Below that support should appear near 502 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 519 to 523 and 528.

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 4555 to 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 449 to 447 Below that support is at 433.

Resistance is at 458 1/2 and 461 3/4 .

Support is at 457 and 449

Nearby Resistance is at 464 and 471

Support is at 134.6 to 133.

Resistance is at 137.1 and 138.6

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 221 1/2 to 220 .

Resistance is at 224 1/2 to 225 1/2.

Trade Accordingly.

Support is at 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 5585 then 5540 and 5505

Resistance is at 5622 and 5740

Nearby Support is at 634 to 631 and 629. Day traders can buy at 634 risk 35 pts.

Under that support is at 625 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 649 and 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 103.60 to 103.20 and 102.30

On the Upside, Resistance is at 104.70 and 105.80 then 106.30 to 106.80.

Support should appear at 1036 to 1032 and 1013 under that 963 should hold.

Resistance is near 1063 Beyond that sellers should appear near 1079 and 1096.

Support is at 6297 and the 6270 to 6257 region. Below that buyers should appear near 6232 to 6222.

.

Trade accordingly

Support is at 5012 and 4987 under that support is at 4912.

Resistance is at 5142 and 5187

Support is at 5012 then 4912 and 4890.

Resistance is at 5090 to 5112 and 5147.

Support is at 4317 and 4332 then 4172.

Resistance is at 4472. beyond that resistance is at 4617 then 4717 and

4767 to 4777.

On The DownSide support is at 113-12 and 113-05 to 112-27.

On the Upside Nearby Resistance is at 113-27 and 114-04 , a close over 113-27 is friendly and augurs for a test of 114-16 to 114-21 with a touch of 115-104 not out of the question.

Trade Accordingly.

On the DownSide Support is at 1328.30 then 1324.30 and 1322 Day Traders can buy at 1324.70 and hold for higher prices. Under that the 1310 to 1304 and 1292

regions should provide support.

Resistance is at 1334 and 1340 above that resistance is at 1346 and 1356.10 to 1357.40 beyond that sellers should appear near 1361.50.

A close over 1334 is friendly

Resistance is at 10,580 and 10,630 above that resistance is at 10,680 and 10,720