The MA comes in at the 96.81 level on a 60 min chart. The price tested the level. The level will continue to be watched today. A break and close below on the day should lead to further declines. The Yen crosses are all under pressure today as stocks decline on the weaker employment report. Can’t be sure if this is a bear flag or the start of an uptrend just yet so looking for confirmation from the chart and momentum indicators showing the pulse of the movement. A break of the flag south should produce a movce to the S5 already tested twice.
