Chart Of The Day: NZD/JPY

 | May 05, 2021 05:36PM ET

We have identified this wedge setup for the last couple weeks on NZD/JPY, but we are now at that point that the apex of the wedge may see a breakout in the coming session(s). A move above the 79.15 level would target the 80.09 level next, and a break of the 77.60 level would put the 75.65 level in view. A breakout is looming.