The CAD/JPY is trending lower on the larger time frames. The image below shows the down trend on the W1 time frame for this pair. The trends of the market as a whole are showing quite a bit of Canadian Dollar (CAD) weakness, which is driving a lot of price movement. Below the current support levels, noted by the yellow line, this pair has excellent pip potential to continue much lower.
The red and green free forex indicators you see below are for monitoring trends in the forex market. They are exponential moving everages set on the 5 and 12 time persiods. Forexearlywarning provides these indicators to clients and all other traders.
Forex Trend Indicators CAD/JPY 3-19-2014