CADJPY continues to fall inside the short-term corrective wave 2 – which started recently from the the key resistance level 84.60 (former monthly high from January) – strengthened by the upper daily Bollinger Band. The price earlier broke the support level 81.50 – which accelerated the active correction 2. With the strong bearish Canadian dollar sentiment seen across the markets today – coupled with high Yen bullishness – CADJPY is expected to fall further toward the next support level 80.00 (target for the completion of the active wave 2).