CADJPY recently broke the support area lying between the support level 77.000 and the 38.2% Fibonacci correction of the previous sharp impulse wave (a) from the middle of March. The breakout of this support area should accelerate the active corrective wave (b) – which stated previously from the powerful resistance level 78.500. Given the moderately bearish Canadian dollar sentiment seen across the markets today – CADJPY is likely to fall down further toward the next support level 75.000 (target price for the completion of the active corrective wave (b)).