The CAD/JPY is building a new uptrend, as shown on the chart below. The trend charts indicate that this pair has broken out of its trading range. The D1 time frame trend is now formed and the W1 time frame trend could also form. The CAD/JPY pair has a current resistance level and breakout point at 97.00, you can set a price alert here. When the alert hits check for buy entry verification using The Forex Heatmap®. This pair has a lot of upside pip potential to 104.00 or higher, which is around 700 pips, see the red lines on the chart. The trend chart you see below has some moving averages we provide to our clients, applied to multiple time frames.
Forex Trend Charts CAD/JPY 4-15-2015