CADJPY currency pair recently reversed up from the support zone located between the key support level 102.000 (former strong resistance from the middle of April, acting as the support after it was broken previously) intersecting with the 20-day moving average and the 50%Fibonacci correction of the earlier upward impulse (i) from the start of May. Given the strongly bearish yen sentiment seen across the currency markets today along with the long-term uptrend, CADJPY currency pair can be expected to rise further toward the next resistance level 106.750 (top of wave (i) from the start of this month).