FXstreet.com (Barcelona) - U.S. markets have turned into negative territory after an upward opening, Pund and Euro have reacted downwards while Yen has gone up

Wall street is going trough slight losses after two hours of trading in U.S. the Nasdaq index is 0.5% down, while the Dow Jones edges down 0.1%. Previously U. Michigan's Consumer Sentiment Index has improved slightly although iot still remains close to the 28-year low posted in November.

Euro and Pound down to support levels

Euro and Pound have declined to test support levels, EUR/USD has dropped from 1.2915 to support level at 1.2865, but the level remains intact o far, and the Euro remains in the range between 1.2865 and 1.2965 it has been trading during the last 24 hours.

GBP/USD has dropped from 1.4040 through 1.3985 to test support level at 1,3920, the Pound has not broken that support so far. USD/JPY has dropped to 97.90 support line from a session high of around 98.50, but bearish reaction has not been strong enough and the pair remains above 97.90.