CADJPY currency pair earlier reversed up with the daily Bullish Engulfing from the key support level 87.650 (former support resistance from September, which also reversed the pair with the daily Bullish Engulfing at the start of December, as can be seen from the daily CADJPY chart below). The upward reversal from the support level 87.650 started the active ABC correction (ii) from the middle of December. Given the strong daily uptrend and the continuation of the bearish yen sentiment seen across the currency markets today, CADJPY currency pair can be expected to rise further toward the next round resistance level 90.000 (target price for the completion of the active minor correction (ii)).