CADJPY currency pair under bearish pressure after the pair reversed down from the powerful resistance area lying between the multi-month resistance level 82.150 (which stopped the sharp uptrend in June) and 81.750 – strengthened by the upper daily Bollinger Band. The downward reversal from this resistance area created the daily Japanese candlesticks reversal pattern Bearish Engulfing. Given the rising bullish yen sentiment across the currency markets today – CADJPY currency pair is expected to fall further toward the next support level 80.500 (low of the minor correction (ii) from the start of January).