FX.co ★ GBP/USD analysis for June 04, 2020 - Watch for selling opportunities on the rallies. Downward target is set at 1.2500

Corona virus summary:

Technical analysis:

GBP/UDS has been trading supwards. The price tested the level of 1,2550. Anyway, I see potential for the downside rotation towards the supports at 1,2500, 1,2478 and 1,2425.

Trading recommendation:

Watch for potential selling opportunities on the rallies. The downward targets are set at the price of ,2500, 1,2478 and 1,2425.