# Today's Forex Trading Opportunities: May 31, 2026
1. EURUSD — Long Bias
Current Price: 1.0680
Support: 1.0650 (4-hour ascending trendline), 1.0620 (daily 50-MA)
Resistance: 1.0710, 1.0740
Direction: LONG
The 4-hour chart shows a bullish flag pattern with RSI at 58. Buy on pullback to 1.0665 with stop at 1.0635. Target 1.0710 first, then 1.0740.
2. GBPJPY — Long on Dip
Current Price: 195.50
Support: 194.80 (strong demand zone), 194.20
Resistance: 196.50, 197.80
Direction: LONG
Daily chart forms an ascending wedge breakout. Enter long near 195.20, stop below 194.60. First target 196.50, extended target 197.80. Risk/reward approximately 1:2.5.
3. XAUUSD (Gold) — Buy the Dip
Current Price: $2,375
Support: $2,350 (50-day MA), $2,340 (key confluence)
Resistance: $2,390, $2,410
Direction: LONG
Gold remains in a clear uptrend on the weekly chart. 4-hour shows minor bearish divergence suggesting a pullback to $2,355 is likely. Enter long at $2,350–$2,355, stop $2,335. Target $2,390 then $2,410.
4. BTCUSD — Breakout Long
Current Price: $104,800
Support: $103,500, $102,000
Resistance: $106,500, $108,000
Direction: LONG
Bitcoin broke above the $104,000 resistance on the daily chart with strong volume. The 4-hour RSI is at 65, not yet overbought. Enter at $104,500, stop $103,000. Target $106,500.
5. S&P 500 — Short at Resistance
Current Price: 5,910
Support: 5,870, 5,820
Resistance: 5,930, 5,960
Direction: SHORT
The index hit a weekly resistance at 5,930 with a shooting star candlestick on Friday. RSI shows bearish divergence. Short near 5,920, stop 5,955. Target 5,870 first.
Summary Table
| Pair | Direction | Entry | Stop | Target |
|------|-----------|-------|------|--------|
| EURUSD | Long | 1.0665 | 1.0635 | 1.0710 |
| GBPJPY | Long | 195.20 | 194.60 | 196.50 |
| XAUUSD | Long | 2,350 | 2,335 | 2,390 |
| BTCUSD | Long | 104,500 | 103,000 | 106,500 |
| S&P500 | Short | 5,920 | 5,955 | 5,870 |