Based on Elliott wave analysis, there is an emerging bearish Impulse wave A pattern which looks in-complete. I expect price to fall more towards 123.00 price level to print bearish Wave A leg. So, a good idea is to look for a sell trading chance and join the bearish trend.
However; if price closes a bullish candlestick above 123.65 key resistance level then bearish trend is going to end. Hence, I might like to quit trading EUR/JPY currency pair and redo the 15 minutes chart analysis.