CADJPY currency pair today reversed down form the major resistance area lying between the long-term resistance level 91.150 (previous monthly high from June, as can be seen from the daily CADJPY chart below) and the upper daily Bollinger Bad. The downed reversal from this resistance area stopped the earlier impulse waves 3 and (3). Given the strength of the aforementioned resistance area and the strongly overbought daily Stochastic– CADJPY currency pair can be expected to fall further toward the next round support level 90.000 (former monthly high form July).