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25.06.202013:06 Forex Analysis & Reviews: GBP/USD analysis for June 25, 2020 - Further bigger rally in the play towards the 1.2500

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The world faces a shortage of oxygen concentrators as coronavirus infections climb by about 1 million per week – and look set to reach 10 million by the end of this week, the World Health Organization head said on Wednesday. "Many countries are now experiencing difficulties obtaining oxygen concentrators," WHO Director General Tedros Adhanom Ghebreyesus told a news conference. "Demand is currently outstripping supply."

Technical analysis:

GBP has been trading downwards in the background towards the 1,2400 but I found strong rejection and broken channel, which are signs for the further rally. I see GBP higher with potential targets at 1,2500-1,2550.

Trading recommendation:

Watch for potential buying opportunities on thte pullbacks watching the intraday frames like 15/30 minutes for better entry timing.

Upward target is set at the price of 1,2500-1,2550.

Support level is found at 1,2400

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