CADJPY currency pair recently reversed up from the support area located between the key round support level 90.000 (which has been reversing the pair from the middle of January), lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse wave 1 from December. The upward reversal from this support area stopped the earlier short-term correction (ii). Given the rising bullish Canadian dollar sentiment seen across the FX markets today – coupled with yen outflows, CADJPY currency pair can be expected to rise further toward the next resistance level 91.500 (which stopped the earlier waves (i) and (b)).