Though the intraday trend is clearly bullish at the moment, at 82.48 I see CADJPY as having entered a region of significant "statistical" resistance (82.40 to 82.62). And given that the longer-term trend remains bearish (in my estimation) I will be watching for signs suggesting that the time is right to short this asset, if and when they should occur.
I have adopted a modification to my trading methodology that I'm hoping will enable me to take much greater advantage of rightly calling this type of run, God willing...
Thanks. It's looking to me like 81.10 might have been the bottom, so I'm currently expecting the pair to head north for a while. (It's now at 81.90.)