FXstreet.com (Barcelona) - The Dollar has depreciated against the Ye3n after weaker tan expected GDP data, and the pair has finally broken below range support at 88.55 to reach a fresh 6-week low at 88.35, so far.
U.S. Gross Domestic Product increased 2.8% from July to September, below the 3.5% increase previously estimated, according to preliminary figures by the U.S. Commerce Department.
If the pair confirms below 88.55, next support levels might be at 88.35 (Oct 9 low) and 88.00/23 (Oct 7/Sept 23 lows), and then key support at 87.10 (Dec 08/Jan 09 low).
On the upside, above 88.55/65, resistance levels lie at 89.15/20 (Nov 20/23 highs), and above here, 89.45/55 (Nov 17/19 highs) and 89.75 (Nov 16 high).