On Friday, August 12, the profitability of trading on GDP and production data of Great Britain is the following:
* 0.6% with the first market entry scenario (marked with the red color) based on decrease of indicators;
* 0.2% with the third market entry scenario (marked with the yellow color) based on the pullback at GDP decline.
The total profit is 0.8% in eight hours. A good result!
The time zone of the chart is GMT + 2
In the nearest future the decline of GBPCHF is likely to continue, as the Bank of England has recently announced an economic recession being expected towards the end of 2022, which will last until 2024. Switzerland, on the contrary, is currently managing to curb the inflation, and although the process is slow, the production is still on increase.
For this reason, the level of 1.12 is near at hand.
This content is for informational purposes only and is not intended to be investing advice.
