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CADJPY under bullish pressure after the earlier upward reversal from the support area located between the strong long-term support level 78.000 (which has been reversing the price from the middle of June) and the lower daily Bollinger Band. Given the predominantly bearish yen sentiment seen across the currency markets today, CADJPY is likely to rise further toward the next resistance 80.000 (which formed the top of the previous short-term correction (iv) last month).
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