Weekly forecast for GBP/USD

This is my weekly forecast. The overall trend is still very bearish IMO. Price seems to have been in a pretty large range over this past month, we have failed to break above the high that was printed on the 5th of October and we have also failed to break below the low that was printed on the 12th of October, even though this is a pretty large range and it has provided some good internal range trade opportunities price still hasn't really gone anywhere. This could be due to all the uncertainty that is going on in the United Kingdom. Since i am a day trader i am looking at current price action, the current price action is trending down, with price breaking 1h LL's, but price has just tapped into one of my bullish POI's and price has had a 15min change of character, which could be an indication that price might want to start moving up. Something to keep in mind though is since price is currently trending down on the 1h time frame and is yet to break the 1h LH and has tapped into one of my bearish POI's i will wait and see how price reacts to that POI before looking for longing opportunities.

The news i will be looking out for this week is, United Kingdom S&P Global/CIPS UK Services PMI -United States S&P Global Manufacturing PMI - United States Goods Trade Balance - United States New Home Sales MoM - Euro Area ECB Interest Rate Decision - United States Jobless Claims 4-week Average - United States GDP Price Index QoQ - United States Personal Spending MoM.

I welcome any feedback you might have and if you have any questions feel free to message me:)

Disclaimer: I am not a financial advisor. Do not take anything on TV as financial advice, ever.

Do your own research.

Consult a professional investment advisor before making any investment decisions!