GBPJPY – 4H Chart Outlook Date: 2 June 2025

GBPJPY – 4H Chart Outlook
Date: 2 June 2025

Current Price: Around 193.45
Structure: Bearish retracement after strong bullish move

Key Zones:

Support Zone: ~191.90 – 192.30

Target Area (Resistance): ~196.00 – 196.50

Re-test Area: ~193.60 – 194.00


Forecasted Move:

Price is expected to dip into the support zone, possibly forming a higher low.


From there, bullish momentum is likely to push toward the re-test area (~193.60–194.00).


If momentum sustains, the next leg could aim for the target zone near 196.00.


Outlook Summary:

Bias: Bullish after support confirmation

Trading Plan:
Look for bullish reversal signals in the 191.90–192.30 zone
Targets:

TP1: 193.80–194.00

TP2: 196.00–196.50
SL below 191.50 (structure invalidation)