EUR/JPY has opened in Asia with a soft tone and is currently back below 124.00. There are some important technical support levels at 123.30 (hourly low) and 123.15 (daily low) and a break below the latter would confirm in my mind that an A-B-C retracement from 119.70 to 127.90 is complete. That would indicate a return to the sell-rally strategy for me.