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Analysis of GBP / USD. April 7. EMA acknowledges link between AstraZeneca vaccine and blood clots

For the Pound / Dollar instrument, the wave pattern, after making adjustments, looks already convincing. The increase in quotations of the last days suggested that the downtrend section, which began on February 24, has already been completed and has taken on a three-wave form. However, a new decline in quotations yesterday and today also suggests that the downward wave 3 or s will take on a pronounced five-wave structure and, accordingly, will take on a more extended form. However, the current wave structure can take on other forms and forms. For example, the entire section of the trend starting on February 24 may assume the structure a — b — c — d — e. If so, then the construction of the downward wave e has now begun. In general, there are a lot of possible options for the British, which significantly complicates the process of working out the wave pattern. Unfortunately, it is not very clear now. I remind you that wave counting should be simple and understandable in order to make money on it. The news background for the Briton on Monday and Tuesday was rather weak. Yesterday, there was not a single important report or news at all. Today in Britain, the index of business activity in the service sector was released, which decreased slightly, to 56.3 points, but still turned out to be at a very decent level. In the evening, the FRS protocol will be published, but traders do not expect much from this document, since it usually simply repeats everything said during the summing up of the meeting itself and the press conference with Jerome Powell. At the same time, a representative of the EMA (European Union Medicines Agency) said that there is indeed a connection between the use of the AstraZeneca vaccine and the occurrence of blood clots. According to the head of the vaccination department, Marco Cavaleri, “the connection does exist, and it is obvious.” The official also said that so far no one knows what exactly causes such a reaction of the body, and this remains to be understood. Also, Marco Cavaleri said that the number of young people who were diagnosed with cerebral thrombosis with platelet deficiency after using the vaccine exceeded the expectations of doctors. Let me remind you that so far the EMA has recommended the AstraZeneca vaccine as safe, and the UK has denied a link between its use and the occurrence of blood clots, stating that there is no evidence. In Britain, the vaccine is not recommended for use on people under 30 years of age, and trials of the vaccine on children between 6 and 17 years of age have been suspended. At this time, I am still looking to build a downward wave of 3 or s. Thus, I recommend to resume selling the instrument according to the signals of the MACD indicator “down” with targets located near the 35th figure. The second successful attempt to break through the 1.3872 mark, which equates to 23.6% Fibonacci, will most likely require adjustments and additions to the current wave counting and will cancel the option with a decline in instrument quotes. The part of the trend, originating on September 23, has taken on a five-wave fully completed form. Thus, this section of the trend is presumably completed, and the decline in quotations may resume as part of the construction of a new downward section of the trend, the first two waves of which have already completed their construction. However, the descending part of the trend may turn out to be shortened, and in this case it has already completed its construction. – Source: InstaForex

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