NZDJPY looks set to go down!!!

This symbol seems to be closer to the top compared to other JPY pairs following recent uptrend in JPY pairs due to monetary policy divergence between other major central banks and the bank of Japan. Following recent decline after BoJ's announcement of an uptick in yield for the 10-year bonds, this symbol and other JPY pairs experienced a sharp decline. Recently the pair has been retracing upwards and this upmove seems to have come to a halt after coming into a support turned resistance. Further, like other JPY pairs, this symbol has formed a rising wedge and if the resistance hold, there will be a lot of room downstairs with near term target of about 80.