CADJPY recently reversed down from the long-term resistance level 81.500 (which has been repeatedly reversing this currency pair from the middle of June as can be seen below) – standing near the upper daily Bollinger Band. The downward reversal from the resistance level 81.500  stopped the previous short-term impulse wave (iii). Given the overbought reading on the daily Stochastic indicator and the strength of the pivotal resistance level 81.500 – CADJPY is expected to fall further toward the next support level 81.000 (former minor resistance from the start of this month).