GBPUSD UPDATE, CADJPY & USDJPY ANALYSISBritish Pound Sterling / United States DollarCMCMARKETS:GBPUSDCharts247TradingAcademyClosed GBPUSD @ + 52 pips, because we were expecting a reversal to correct the price. We looked at the CADJPY for a potential reversal trade, but the price failed to offer us an entry. The GBPUSD eventually broke the valid pullback level, creating a structure that will determine what we are going to do next. The USDJPY is in a downtrend. We have seen the price make the 3rd cycle down. The next expectation is a discount. A bullish reversal before the next wave of selling can be expected.