CADJPY currency pair continues to rise after the earlier breakout of the resistance area located at the intersection of the round resistance level 90.000 (which has been reversing the price from the start of May, as can be seen from the daily CADJPY chart below) and the resistance trendline of the daily up channel from February. Given the predominant uptrend and the strong bullish Canadian dollar sentiment seen across the FX markets today – CADJPY currency pair can be expected to rise further toward the next resistance level 92.000 (target price for the completion of the active impulse waves 3 and (5))
