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Acceleration through key supports on US GDP data risks deeper fall

The pair accelerated lower and cracked key support at 111.62 (15 Oct low) after US Q3 GDP data showed that the US economy slowed less than expected (Q3 3.5% vs 3.3 f/c and 4.2% prev). Markets got more cautious about interest rate outlook as slowdown in Q3 would have negative impact on Fed, which is on track for another rate hike in Dec.
Violation of strong technical supports at 111.62/55 (15 Oct trough, reinforced by rising 100SMA and Fibo 61.8% of 109.77/114.54) could generate fresh bearish signal for further easing.
Bearish daily techs and risk-off mode help yen, with the latest US data , adding to negative outlook.
Weekly close below 111.62/55 pivots would open way towards 110.90 (Fibo 76.4%) and would risk extension towards 110.38 (07 Sep low) and psychological 110 support.

Res: 111.62; 111.82; 111.98; 112.32
Sup: 110.90; 110.68; 110.38; 110.00