CAD/JPY has been sharply bullish in June, and looks like it will be completing an inverted head and shoulder pattern in July.CAD/JPY Daily Chart(click to enlarge)Sign of Bullish Reversal:- The head and shoulders pattern is just one way of observing a shift away from the prevailing downtrend.- More importantly, we saw the market make a higher low, which is also a reflection of the shift from a bearish trend to at least a sideways if not bullish one.- A break above the neckline should open up the bullish bias. Targets:- First, the conservative target should be around 92, which is a support/resistance pivot area. For now, we should limit the bullish outlook to the 100 handle.