CAD/JPY has been bullish in 2017, that is until May when it started to consolidate and trade sideways and with less volatility. CAD/JPY Weekly Chart (click to enlarge)Signs of Bullish Reversal:- First of all, the trend was bearish from 2015 through most of 2016. - But in 2016, we can see that an inverted head and shoulder was developing. The second shoulder was confirmed in May and June 2017.- Also, price has broken above a falling trendline, and this week above the 100-week simple moving average. - Furthermore, the RSI held above 40. Now, it didn't go above 70 before. So we can simply say, CAD/JPY is maintaining the week bullish momentum is saw at the end of 2016. Neckline; Upside:- For now, I would focus on the neckline around 88.60. This is a key support/resistance pivot. - Even above the neckline, I would expect resistance around 90-90.25. This area involves more support/resistance and also the 200-week SMA. This should be a more significant resistance than the neckline. - For now, I think we should limit the upside to 93 for the rest of 2017.