The CAD/JPY is currently trending down. The analysis of the W1 time frame shows a strong downtrend in place on this pair. Below the current price this pair has excellent pip potential. The current support levels on the smaller time frames are around 91.30, which is noted by the red line in the image. The next major support we can see is at the 80.00 level, so this pair has a lot of pip potential below the current levels.
Currency Pair Analysis CAD/JPY 1-29-2014