# CAD/JPY Rising Channel Break (January 23, 2014) Source: https://www.tradersway.com/resources/market-info/cad-jpy-rising-channel-break-january-23-2014/ Language: en Updated: 2014-01-23 Description: Explore CAD/JPY Rising Channel Break (January 23, 2014). CAD/JPY. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. CAD/JPY might be in for more losses, as the pair just broke below the support of the rising channel on its 4-hour time frame. Stochastic is already in the oversold zone but hasn’t crossed upwards, indicating that sellers have enough momentum to push the pair even lower. Shorting at market with a stop above the channel support and a target of the previous lows around the 92.00 major psychological level could yield a high return on risk for a quick day trade. ![CAD/JPY Rising Channel Break (January 23, 2014)] Bear in mind that the BOC just hinted that they are ready to cut interest rates if inflation remains weak and the Loonie remains strong. *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-rising-channel-break-january-23-2014/#primary", "url": "https://www.tradersway.com/resources/market-info/cad-jpy-rising-channel-break-january-23-2014/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/cad-jpy-rising-channel-break-january-23-2014/", "headline": "CAD/JPY Rising Channel Break (January 23, 2014)", "inLanguage": "en", "datePublished": "2014-01-23T12:43:32+00:00", "dateModified": "2014-01-23T12:43:32+00:00", "articleSection": "Market Info", "description": "Explore CAD/JPY Rising Channel Break (January 23, 2014). 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