Weekly forecast for GBP/USD

This is my weekly forecast for GBP/USD. I am still keeping my overall view for GBP/USD as bearish even though we have had two weeks of bullish price action, I will leave my bearish POI's and I will see how price reacts around them, if I do get a conformation I will be entering shorts from the POI's. Price has broken through most of my bearish POI's that I have marked out over the couple of weeks which gives me an indication that price is showing some fairly strong bullish momentum so if price breaks the current 4h LH I will continue to look for longs into my bearish POI's and if price continues to break the 4h LL's then I will continue to look for shorts. Last week was NFP, and had an increase of 263K is just above 250K seen on the economic calendar and just under the "whisper number" which was around 280K. Leading indicators came out above expectations so with this in mind we could potentially see some bearish movement this week for GBP/USD. The news I will be watching this week for GBP/USD is as follows, United Kingdom BRC Retail Sales Monitor YoY, United Kingdom Unemployment Rate, United Kingdom Claimant Count Change, United Kingdom Employment Change, United Kingdom BoE Gov Bailey Speech, United Kingdom Goods Trade Balance, United Kingdom GDP MoM, United Kingdom Goods Trade Balance Non-EU, United States PPI MoM, United States FOMC Minutes. On Thursday we get the US inflation data out and jobless claims, United States Inflation Rate YoY, United States Continuing Jobless Claims, United States Jobless Claims 4-week Average, United States CPI then i will be watching out for United States Retail Sales YoY on Friday.

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!