Technical Analysis

Forex Weekly Forecast – EUR/GBP, GBP/USD, EUR/JPY & Bitcoin Outlook (Week of April 27, 2026)

Welcome to this week’s Forex forecast from Home Trader Club. In this outlook, we break down the key technical setups and macro drivers for GBP/USD, EUR/GBP, EUR/JPY, and Bitcoin, with a strong focus on price action, volume zones, and high-probability trading scenarios.

This week is expected to be high-impact and volatile, driven by major interest rate decisions and inflation data across global economies.

🔎 Macro Overview – High Volatility Week Ahead

Before diving into charts, it’s important to understand the broader market context.

This week includes:

  • 🇯🇵 Japan interest rate decision (Monday)
  • 🇦🇺 Australia CPI data (Tuesday)
  • 🇨🇦 🇺🇸 Canada & US rate decisions (Wednesday)
  • 🇪🇺 🇬🇧 Europe & UK rate decisions (Thursday)

👉 With multiple central banks in focus, expect:

  • Increased market volatility
  • Strong speculative moves
  • Potential false breakouts and manipulations

This environment favors technical precision and patience.

Before we dive into the charts, a quick reminder:
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 Watch the Full Weekly Forecast Video

 

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Let’s go straight into the charts.

 

📊 GBP/USD Forecast – Bullish Continuation with Possible Trap Move

Technical Overview

The GBP/USD remains structurally bullish after holding a strong support confluence:

  • Daily 50 & 200 moving averages acting as dynamic support
  • Strong volume profile demand zone

  • Breakout from consolidation on the H4 chart

Scenarios to Watch

Scenario 1 (Ideal):

  • Pullback → continuation → break above recent highs

Scenario 2 (Manipulation Move):

  • Short-term drop (liquidity grab)
  • Followed by strong bullish expansion

👉 Key Insight:
Even if price dips, it is likely to be a corrective move before continuation higher.

Trading Bias: Bullish


📉 EUR/GBP Forecast – Bearish Structure Remains Intact

Higher Timeframe Context

  • Weekly bearish divergence suggests downside continuation
  • Expectation: Completion of two-wave move lower

Daily & H4 Structure

  • Clear pattern of:
    • Lower highs
    • Lower lows
  • Price trading inside a bearish channel
  • Strong resistance confluence:
    • 50 & 200 moving averages
    • Volume profile zone

👉 As long as price stays below the channel highs, sell setups dominate.

Trading Strategy

  • Look for pullbacks into resistance
  • Target continuation to the downside

 

 

Trading Bias: Bearish


📊 EUR/JPY Forecast – Potential Major Reversal Setup

Key Observation

  • Developing bearish divergence on the weekly timeframe

  • Bearish divergence on the monthly timeframe. Price approaching overbought conditions

What This Means

We are likely nearing:

  • A final push higher
  • Followed by a significant downside correction

 

 

Critical Setup

Watch for:

  • Higher highs on price
  • Lower highs on MACD

👉 This divergence confirmation could signal a major sell opportunity.

Trading Bias: Wait for Confirmation → Then Bearish


₿ Bitcoin Forecast – Selling Opportunity After Exhaustion

Current Market Structure

  • Break of previous lows → bearish signal
  • Price now in retracement phase

Key Resistance Zone

  • Previous seller control range
  • Spike zone acting as supply area

Price Behavior Insight

  • Slowing bullish momentum
  • Smaller candles → buyer exhaustion

👉 This is classic compression before reversal

Expected Scenario

  • Short-term retrace higher
  • Move into resistance zone
  • Then sell-off continuation

Trading Bias: Bearish on rallies

 

Pro Trading Tip

Every forecast above is paired with two scenarios. Why? Because great trading is not about being right — it’s about being ready. Let the market confirm the bias. Use your system, manage risk, and execute only when the structure and confirmation align.


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Wishing you a profitable week ahead!


Vladimir Ribakov
Internationally Certified Financial Technician
Home Trader Club

Vladimir Ribakov

Following 11+ years of trading experience, trading my own accounts as well as for hedge funds and brokerages, I have decided to fulfill my destiny and to personally mentor Forex and Commodities traders. When I released the “Broker Nightmare” (software that hides trades from brokers) 8 years ago, I found an overwhelming number of frustrated people who genuinely wanted to learn how to trade the Forex market, but instead found themselves scammed and misled. Over the years I have also release other trading systems based on my trading strategies, and met a lot of people on my worldwide Forex seminars. We’ve formed a close Forex community and we meet once or twice a year in various locations in Europe.

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