Chart of the Day – EURJPY – (April 22nd, 2020)

The EURJPY is in the apex of the wedge currently. Support being 116.00 (115.80) and resistance at the 117.25 level. The support is key since the pair has not been below the 115.80 level since April 2017. But since this is strong support we can not just assume it will break. A move back above the 117.25 level will put the 200dma back in play once again.