CADJPY currency pair continues to rise after the pair reversed up from the support zone located between the key support level 99.00 (former resistance from the end of March and the start of April), 20-day moving average and the 61.8% Fibonacci correction of the upward impulse (v) from the end of March. Given the strong daily uptrend and the continuation of the moderately bullish Canadian dollar sentiment seen across the FX markets today – CADJPY currency pair can be expected to rise
further toward the next resistance level 102.40.
CADJPY reversed from support level 99.000; Likely to rise to resistance level 102.400.
