Bank of Canada unexpectedly rose it rate hike in 6th September 2017 meeting as economy is doing exceptionally well. Last quarter GDP growth was 4 %. Inflation is rising up as retail sales rising. So CAD/JPY is getting stronger. I expect it to rise till its next resistance of 93.27. Then some retracement is possible for correction so my price target is 91.271.
Technical Analysis: CAD/JPY is in uptrend on monthly and on weekly chart.
Tools Used: Ichimoku Cloud, Fibonacci Retracement.