CADJPY high probability for 83.70 & 84.50

March 2020 price broke four year support 2016 which is 74.80 due to corona pandemic but price could not hold price below that support. Bears were trapped due to that sudden move down then up.

jpy instrument all time bullish extreme suspect weakness in jpy across the board for medium and longer term. Last two weekly insurance bars dictating further strength in cadjpy.

Daily time frame price formed higher high and higher low. 82.00 strong resistance area, price tried many time to cross that strong resistance area. Ultimately price broke and hold above 82.00 area. High probability for 83.70 even for 84.50 as well.

Supports: 82.00, 81.40 should hold to continue bull rally.

Resistance: 83.70, 84.50 even 85.00

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