Forex Market Commentary March 25th 2011

Forex Market Commentary—EUR/USD, GBP/USD and correlated pairs continue in the general up-trend opposite the USD/CHF and and USD/CAD, all of which are momentarily consolidating. All JPY pairs continue to consolidate nearing the end of their violent rebound from last weeks dramatic sell off. Volume is low as lower time frames reveal extended sideway ranging as the JPY markets struggle to hold on to a higher price after the a massive infusion of cash attempting to stabilize the Japanese economy.

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