CADJPY continues to rise after the recent breakout of the resistance area lying between the key resistance level 82.800 (former support from January) and the 38.2% Fibonacci correction of the pervious downward ABC correction (ii) from the start of this year. Given the clear daily uptrend and the strong bearish Japanese Yen sentiment seen across the markets today, CADJPY is likely to extend the gains toward the next resistance level 83.500 (50% Fibonacci correction of the aforementioned ABC correction (ii)).