After reaching the weekly pivot point at 91.62, the Canadian Dollar began to decline against the Japanese Yen.
The currency exchange rate had breached the lower boundary of a dominant channel where the monthly S3 is located and is slowly moving downwards to test the weekly support at 80.98.
Regarding the near future, the CAD/JPY pair is likely to continue trading in the junior pattern. However, a reverse north could occur at the aforementioned weekly support.
