# CAD/JPY Long-Term Selloff (July 29, 2014) Source: https://www.tradersway.com/resources/market-info/cad-jpy-long-term-selloff-july-29-2014/ Language: en Updated: 2014-07-29 Description: Explore CAD/JPY Long-Term Selloff (July 29, 2014). CAD/JPY has been. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. CAD/JPY has been moving inside a descending triangle pattern on its daily forex time frame, as price made lower highs and found support at the 92.00 major psychological level. The pair has just come off a test of resistance and may be heading back down for another test of support, although stochastic is moving out of the oversold area. Price might pull up for a bit before heading lower, which would be a potential 200-pip drop. ![CAD/JPY Long-Term Selloff (July 29, 2014)] Shorting at market with a stop above the triangle or the 95.00 handle could yield more than a 2:1 return on risk. Strong data from Japan could lead to more gains for the yen, especially against the Canadian dollar as Canada has seen a lot of weak reports recently. *By Kate Curtis from Trader’s Way* ## Structured data JSON-LD as served in the HTML version of this page. ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Article", "@id": "https://www.tradersway.com/resources/market-info/cad-jpy-long-term-selloff-july-29-2014/#primary", "url": "https://www.tradersway.com/resources/market-info/cad-jpy-long-term-selloff-july-29-2014/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/cad-jpy-long-term-selloff-july-29-2014/", "headline": "CAD/JPY Long-Term Selloff (July 29, 2014)", "inLanguage": "en", "datePublished": "2014-07-29T12:09:33+00:00", "dateModified": "2014-07-29T12:09:33+00:00", "articleSection": "Market Info", "description": "Explore CAD/JPY Long-Term Selloff (July 29, 2014). CAD/JPY has been. 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