CADJPY currency pair recently reversed down from the resistance area located between the key resistance level 107.300 (which stopped the previous sharp upward impulse wave (i) at the start of June) and the upper daily Bollinger Band. The downward reversal from this resistance area stopped the earlier short-term upward impulse waves (iii) and 5. Given the strength of the resistance level 107.300 and the strengthening bearish CAD sentiment seen across the FX markets today, CADJPY currency pair can then be expected to fall further toward the next support level 106.000.