CADJPY currency pair recently reversed up from the key support area lying between the support level 105.200, 20-day moving average, support trendline of the daily up channel from June and the 38.2% Fibonacci correction of the upward impulse from June. The upward reversal from this support zone stopped the previous minor corrective wave (iv).
Given the strength of the aforementioned support zone and the strong bullish uptrend, CADJPY currency pair can then be expected to rise further toward the next resistance level 107.400 (top of the previous impulse wave (iii)).