ADP Non-Farm Employment Change on Tap
September 1, 2010 by ForexYard
Filed under Daily Forex Analysis
NZD/JPY:
The recent upward mobility of this pair has pushed most of its indicators into a downward corrective position. With the RSI on the hourly and 4-hour charts showing over-bought, mixed with fresh bearish crosses on these charts’ Slow Stochastic, an imminent downward correction may not be far off the mark. Forex traders can take advantage of this impending move by entering their short positions now and riding out the wave as it descends to a more stable price level.



