CADJPY currency pair recently reversed up from the support area lying between the key support level 89.000, lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward price impulse from the middle of June. The upward reversal from this support area created the daily Japanese candlesticks reversal pattern Bullish Engulfing. Given the clear daily uptrend and the strengthening cad bullishness on the oil price rising – CADJPY currency pair can be expected to rise further toward the next resistance level 90.700 (top of the previous waves 4 and (B)).