EURJPY - Bearish Pennant Breakdown (05.03.2026)Euro/Japanese YenFX:EURJPYKABHI_TA_TRADING📊 Description ✅ Setup EURJPY EURJPY on the M30 timeframe is forming a clear bearish pennant pattern after a strong impulsive drop. Key observations from the chart: ✔ Strong initial bearish impulse ✔ Consolidation inside a pennant structure ✔ Price reacting under Ichimoku cloud resistance ✔ Lower highs forming inside the pattern This structure often signals continuation of the previous bearish trend once the pennant breaks. Additionally, risk-off sentiment and geopolitical tensions can increase JPY safe-haven demand, which may add downside pressure to EURJPY. 🧱 Support & Resistance 🔺 Immediate Resistance: Pennant + Cloud Resistance Zone (~183.00) 🔻 1st Support: 181.718 🔻 2nd Support: 181.287 These levels represent potential liquidity reaction zones. ⚠️ Disclaimer This analysis is for educational purposes only and not financial advice. Always use proper risk management and trade according to your own strategy. #EURJPY #ForexTrading #PriceAction #BearishPennant #ForexAnalysis #SupportAndResistance #TradingView #IntradayTrading #SmartMoney 👍 If you find this analysis helpful: 💬 Comment your view – Breakdown or Fakeout? ⭐ Follow for more clean price action setups Charts Don’t Lie — Traders Don’t Quit. 📈