If we look at the weekly chart of CAD/JPY, we can see that a bearish trend that started at the end of 2014 has flattened in 2016. What will be the trend/mode in 2017?CA/JPY Weekly Chart(click to enlarge)Key Support Around 80:- The weekly chart shows that CAD/JPY has been bearish since starting the year failing to break a key resistance.- 88.80 was a key resistance in 2016, and the market again held CAD/JPY under this mark.- Now price is pushing below 83.00, and the next key support should be around 80.00.- On the weekly chart, we can see that a support/resistance pivot area around 80.00.- Furthermore, if the RSI approaches 40 as price approaches 80, anticipate some buying.- If price does turn higher along with the RSI, we should anticipate a push back towards 87 if not the 88.80 resistance.