CADJPY 100.77: Bullish –4-week rising trendline underpins upside

CADJPY rebounded off 99.75 (June 19, 2015 low) reinforcing the support of the 4-week rising trendline (as shown on the 240 minute chart). Further gains threaten the 101.02/101.14 rang resistance. A break through there would extend the 3-month uptrend towards 102.19 then 103.65 near 76.4% of the 106.50/91.73 fall. The 99.75 area should hold dips. Only a breakdown there would caution bulls and suggest near-term topping for a move towards 99.39 then 98.32.

Outlook:
Short term: bullish
Long term: bullish