There are no major economic reports today to volatile the market, while EURJPY stays quiet, it will be chiefly under the influence of European Inflation Rate YoY Final.
The support rests at 124.970 with resistance at 126.030 which both lines are below the weekly pivot point at 127.360. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is moving in oversold area, the Stochastic is moving in low ranges and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal. The price is below the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen is showing a downward trend while the Kijun-sen is showing a horizontal trend.
The pair may fall towards 124.5 but then buyers can enter the market and target 126.

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