CADJPY currency pair is under the bullish pressure after the earlier upward reversal from the support zone lying between the key support level 98.350 (which has been reversing the price from the middle of May), lower daily Bolllinger Band and the 38.2% Fibonacci correction of the previous upward price impulse from the start of March. Given the strongly bullish Canadian dollar sentiment seen across the currency markets (due to the continued oil gains) and the moderate yen outflows, CADJPY can be expected to rise
further toward the next resistance level 101.000 (top of the previous interemdiate impusle wave