The CADJPY currency pair moves in a normal channel on a daily basis. A normal canal means it does not have a steep slope and is in normal motion. The price has hit the canal ceiling twice and the canal floor once. The bottom of the canal is expected to be touched for the second time. However, it is possible that the price will enter the uptrend after hitting the bottom of the channel and will rise to the price of 88.60 up to the ceiling of the channel. But if the canal floor is broken, the price target could be 83.53.