CADJPY continues to rise inside the minor impulse wave 3 which previously broke the resistance area lying between the key round resistance level 80.000 (former support from the start of September) and the 50% Fibonacci correction of the downward ABC correction (2) from August. Given the bullish sentiment affecting Canadian dollar today, CADJPY is likely to rise further toward the next resistance level 81.000 (top of wave B from September and the target price for the completion of the active impulse wave 3).
