CADJPY recently reversed up with the daily Hammer from the support zone located at the intersection of the key support level 83.00 (former resistance from November, which has been reversing the price from the middle of December), support trendline from August and the lower daily Bollinger Band. With the moderately bullish sentiment affecting Yen at the moment – CADJPY is likely to rise further in the active impulse waves (iii) and 3 toward the next resistance level 84,00 (top of the previous impulse wave (i) from last month).