Chart of the Day: NZD/JPY

Blake Morrow Forex Analytix

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!

Author

Blake Morrow

Forex Analytix

Blake Morrow spent most of his professional career as the Chief Currency Strategist for Wizetrade group for 15 years, and then the Senior Currency Strategist for Ally Financial after the acquisition of Tradeking which owned the Wizetrade Group.

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