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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