CADJPY currency pair recently reversed up from the support zone lying between the support level 88.000 (former powerful resistance from April and March) and the support trendline of the daily up channel from March. The upward reversal from this support zone create the daily Bullish Engulfing – which stopped the previous shortterm impulse © of the ABC correction 2 from last month. Given the clear daily uptrend and the bearish yen sentiment – CADJPY currency pair can be expected to rise further toward the next round resistance level 90.000.