Vladimir RibakovOwner, Chief Trader at Home Trader Club (Former Traders Academy Club), Owner, Chief Trader at Home Trader Club (Former Traders Academy Club) · Owner, Chief Trader at Home Trader Club (Former Traders Academy Club)

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

29 Apr 2026 · 1 min

Watch on YouTube

1:18

In this solo market commentary, Vladimir Ribakov examines the EUR/JPY currency pair, focusing on higher‑timeframe technical signals that suggest a potential bearish reversal. He notes that the weekly chart shows a slowdown with higher highs in price but lower highs on the MACD, forming a classic bearish divergence and indicating overbought conditions. Ribakov then turns to the daily chart, describing a three‑wave structure that, if completed, often precedes a “trap high” – a brief upward move that lures traders before a larger downside move. He explains that observing another price high accompanied by a confirming MACD lower‑high divergence would serve as his sell trigger for EUR/JPY. The analysis is framed as a long‑term outlook, emphasizing the importance of divergence signals and wave completion as criteria for entering a short position.

Chapters

Next one is the EUR/JPY, which starts to be very interesting. Look what happens here on the higher time frame. It is developing some sort of bearish divergence, and we are very close to overbought conditions. We are talking about very long term. On the weekly chart, we start to see the slowdown condition. Look at these beautiful higher highs on the chart, lower highs on the MACD developing. That's bearish divergence conditions. So right now we are looking for the daily chart to complete these 3 waves, and once it does, usually that means if a next high is about to happen, will happen, then on most cases it is a trap high before a major drop to the downside happens. So I would be looking on the EURJPY Exactly for this kind of scenario. If we do see another high taking place, I would be looking for bearish divergences to complete— higher highs on the chart, lower highs on the MACD. Once it kicks in, for me, that's a sell sign.