EURJPY analysis - 29 April 2026 #eurjpy #forexsignals #forextrading #hometraderclub

EURJPY Forecast This Week: Bearish Divergence Warning — Trap High Forming?
In this EURJPY technical analysis, I explain why the pair is approaching a critical higher-timeframe resistance structure where bearish divergence conditions are developing.
On the weekly chart we are seeing:
• higher highs on price
• lower highs on MACD
• slowdown momentum conditions
• overbought structure environment
This combination often signals exhaustion before reversal phases begin.
From this type of structure, EURJPY typically follows one of two scenarios:
1️⃣ one final push higher creating a trap high
2️⃣ confirmation of divergence followed by downside expansion
If divergence completes, this becomes a strong technical signal for potential reversal conditions.
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