USD/JPY extends losses to levels near 142.00 after US GDP data

US Q3 GDP has been revised down to a 4.9% year-on-year from 5.2%
US Jobless claims increase by 205K, well below the 215K expected.
USD/JPY extends its reversal to fresh intra-day lows at 142.10.

Guillermo Alcala FXStreet

US Dollar has extended losses on Thursday, piercing the support area at 142.35 after the US Bureau of Economic Analysis confirmed that US economy grew at a slower-than-expected pace in Q3.

The final US Gross Domestic Product has shown a 4.9% increase from the same quarter last year, down from the 5.2% increase estimated in the preliminary readings.

At the same time, the Philadelphia Fed Manufacturing Survey revealed that the business conditions in the region to a -10.5 reading from -5.9% In November well below the -3 anticipated by market analysts.

These figures have offset the positive impact of the Initial Jobless claims figures, which grew by 205K in the week of December 5, from 203K in the previous week. These figures are well below the 215K expected and reflect the resilience of the US labor market.

Technical levels to watch

USD/JPY

Overview
Today last price	142.18
Today Daily Change	-1.57
Today Daily Change %	-1.09
Today daily open	143.75

Trends
Daily SMA20	145.87
Daily SMA50	148.43
Daily SMA100	147.65
Daily SMA200	142.67

Levels
Previous Daily High	144.1
Previous Daily Low	143.27
Previous Weekly High	146.59
Previous Weekly Low	140.94
Previous Monthly High	151.91
Previous Monthly Low	146.67
Daily Fibonacci 38.2%	143.58
Daily Fibonacci 61.8%	143.78
Daily Pivot Point S1	143.31
Daily Pivot Point S2	142.87
Daily Pivot Point S3	142.48
Daily Pivot Point R1	144.15
Daily Pivot Point R2	144.54
Daily Pivot Point R3	144.98

Author

Guillermo Alcala

FXStreet

Graduated in Communication Sciences at the Universidad del Pais Vasco and Universiteit van Amsterdam, Guillermo has been working as financial news editor and copywriter in diverse Forex-related firms, like FXStreet and Kantox.

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