S&P turns negative.
The S&P has turned negative (down -0.39%) and it is taking it's toll on the JPY crosses. The 5 minute charts below show the pressure on the pairs over the last few hours.
The declines are also sending the EURUSD and the GBPUSD back below support. For the EURUSD the pair is back below the 1.1398-1.14000 level. The 100 hour MA is at 1.13972 currently and has been a dividing line for bulls and bears over the last couple of days.
For the GBPUSD, there is a cluster of levels around 1.4488-93. The break above it earlier today sent the pair to new highs for the week. That break now looks like a big failure.
The up and down continues for those two pairs with the intraday bias turning back down below those key levels.
