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The daily RSI for the NZD/USD reveals growing selling pressure, nearing oversold conditions.The hourly indicators also remain weak.The pair will close a 0.80% losing week.The NZD/USD pair saw a 0.25% loss on Friday’s sessing and continues exhibiting a significant bearish tendency. Both short-term and long-term outlooks suggest the prevalence of sellers, which may signal that the pair is bound for further downside. On the daily chart, the Relative Strength Index (RSI) indicates a bearish trend. It lies deep in negative terrain and edged near oversold territory. The escalating red bars on the Moving Average Convergence Divergence (MACD) histogram align with this bearish stance, augmenting this downturn prediction. NZD/USD daily chart On the hourly chart, the  RSI also points south standing below 50 while the MACD exhibits dwindling green bars, indicative of reduced buying momentum. NZD/USD hourly chart From a wider viewpoint, NZD/USD presently exhibits a clear bearish trend, given its position below the Simple Moving Average (SMA) for 20, 100, and 200-day periods. However, as indicators approach oversold conditions, the pair may stage a corrective rebound which could give the buyers a chance to reclaim the 20-day SMA. In the meantime, movements below these levels would leave the trend bearish. NZD/USD Overview Today last price 0.5885 Today Daily Change -0.0017 Today Daily Change % -0.29 Today daily open 0.5902   Trends Daily SMA20 0.5978 Daily SMA50 0.6067 Daily SMA100 0.6127 Daily SMA200 0.6057   Levels Previous Daily High 0.5943 Previous Daily Low 0.5872 Previous Weekly High 0.6079 Previous Weekly Low 0.5933 Previous Monthly High 0.6218 Previous Monthly Low 0.5956 Daily Fibonacci 38.2% 0.5899 Daily Fibonacci 61.8% 0.5916 Daily Pivot Point S1 0.5869 Daily Pivot Point S2 0.5835 Daily Pivot Point S3 0.5798 Daily Pivot Point R1 0.594 Daily Pivot Point R2 0.5977 Daily Pivot Point R3 0.6011    

GBP/JPY drops 0.56%, as rising Israel-Iran tensions drive safe-haven flows to the Yen.Though lower, the pair stays bullish above the Ichimoku Cloud, with recovery possible upon reclaiming 192.00.Watch key levels: Immediate support at the Kijun Sen at 191.06, with potential further drops towards 190.55.After consolidating around 192.00 for the last three days, the GBP/JPY finally tumbled to the 191.00 handle. A flight to safe-haven assets spurred by an escalation of the Israel-Iran conflict boosted the Japanese Yen (JPY) to the detriment of the Pound Sterling. At the time of writing, the cross has lost 0.56% and trades at 191.19. GBP/JPY Price Analysis: Technical outlook The GBP/JPY remains above the Ichimoku Cloud (Kumo), suggesting the pair is bullish. Despite sliding below key support levels, like the Tenkan and Kijun Sen, the 50-day moving average (DMA), and hitting a daily low of  190.29,  the pair resumed its recovery to the current exchange rates. For a bullish continuation, traders must reclaim 192.00 before breaking the next resistance area at 192.80. Once cleared that would expose the 193.00 psychological level, followed by the year-to-date (YTD) high at 193.54. On the other hand, if the pair slips below the Kijun Sen level at 191.06, that would exacerbate a drop below the confluence of an upslope support trendline and the 50-day moving average (DMA) at 190.55. GBP/JPY Price Action – Daily ChartGBP/JPY Overview Today last price 191.3 Today Daily Change -1.02 Today Daily Change % -0.53 Today daily open 192.32   Trends Daily SMA20 191.57 Daily SMA50 190.6 Daily SMA100 187.45 Daily SMA200 185.51   Levels Previous Daily High 192.79 Previous Daily Low 191.91 Previous Weekly High 193.02 Previous Weekly Low 190 Previous Monthly High 193.54 Previous Monthly Low 187.96 Daily Fibonacci 38.2% 192.45 Daily Fibonacci 61.8% 192.25 Daily Pivot Point S1 191.89 Daily Pivot Point S2 191.46 Daily Pivot Point S3 191.02 Daily Pivot Point R1 192.77 Daily Pivot Point R2 193.22 Daily Pivot Point R3 193.65