CADJPY currency pair recently reversed down from the resistance zone set between the resistance level 88.000 (which stopped the previous sharp upward impulse wave (1) in March) and the upper daily Bollinger Band. The downward reversal from resistance zone started the active minor corrective wave 2. Given the strength of the aforementioned resistance zone, the steadily rising yen bullish sentiment seen today – CADJPY currency pair can be expected to fall in the active corrective wave 2 toward the next support level 86.650 (target for the completion of wave 2).