Based on the technical analysis for the upcoming week starting August 12, 2024, the USD/JPY, GBP/JPY, and EUR/JPY currency pairs are expected to face selling pressure. Key indicators suggest a potential reversal in the recent bullish trends, with resistance levels being tested and momentum showing signs of weakening. Traders should watch for bearish signals, including potential breakouts below key support levels, which could confirm the anticipated downtrend in these pairs.
Stay vigilant for market reactions to economic data and geopolitical events that could further influence price movements in these currency pairs
