Forex market views and key levels

Following is a selection of comments from analysts on important technical developments in the foreign exchange market:
EURO/DOLLAR: "Near term sideways action continues to develop following the sharp reversal and failure at the $1.2320 January peak. Support starts at $1.2075/$1.2070, with includes the March trendline. Breaks to the $1.1980/50 area. Near term resistance enters at $1.2175/$1.2200, with breaks to $1.2235/50."
DOLLAR/YEN: "Another failure toward the interim range highs, as prices fail below the 119.20/40 zone, but the dip has effectively held initial support near 118.30/117.70, which should hold to maintain the more immediate upside bias."
EURO/YEN: "The action here is likely to be more range-bound following the failure to sustain above the 144.50 resistance area. Dips should now find support at 143.00/142.30. While strength through resistance at 144.10/15 should allow for a better test of the 144.90 peak."
AUSTRALIAN DOLLAR/US DOLLAR: "The short term advance continues to develop with the push above the $0.7300 resistance area. The advance is mature, with a pullback expected from the $0.7340/$0.7365 resistance area. Still need a break of the $0.7260/40 area to elicit a correction. Critical support rests at $0.7200/$0.7185."
STERLING/YEN: "After breaking out of consolidation that began in late February, GBP/JPY continues to impress bulls. A break through the 2/21 high of 207.74 would likely see a test of the trendline originating from the 12/13 high of 213.00 at around 208.60, just below the 76.4 percent fibo of 211.22-201.63 at 208.94. Additional gains would not face resistance until the psychological 210.00 figure, which is also suggested by the 76.4 percent of 213.00-200.55 at 210.03."
STERLING/AUSTRALIAN DOLLAR: "Supporting the recent strength is RSI turning above 50 and 14-day stochastic below 20 and also turning up. A break through current resistance at the A$2.4114 high made on 4/6 targets the 38.2 percent fibo of A$2.4893-A$2.3748 at A$2.4166. Even then, the pair is free of serious congestion until about the A$2.4220-A$2.4420 zone; an area suggested by the 3/31 low and 61.8 percent fibo of A$2.4843-A$2.3748."