CADJPY recently reversed up with the daily Bullish Engulfing from the support area lying between the pivotal support level 82.00 (former monthly top from September), lower daily Bollinger Band and 38.2% Fibonacci correction of the previous upward impulse (c) from the start of October. Given the strengthening bearish Japanese Yen sentiment – CADJPY is likely to remain under bullish pressure and to extend the gains toward the next resistance level 83.11 (which stopped earlier wave (ii)).