Blake Morrow’s Chart of The Day – May 6th 2021

NZDJPY

We have identified this wedge setup for the last couple weeks on the NZDJPY, but we are now at that point that the apex of the wedge that 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!