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FxWirePro: USD/JPY holding bid into weekend 
- USD/TWD is currently trading around 29.76 marks.
- It made intraday high at 29.87 and low at 29.76 marks.
- Intraday bias remains bearish till the time pair holds key resistance at 30.02 mark.
- A daily close above 29.82 will drag the parity up towards key resistances around 30.02, 30.22, 30.38 and 30.68 marks respectively.
- On the other side, key support levels are seen at 29.72, 29.50, 29.43, 29.30, 29.15, 29.02, 28.99 and 28.89 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.
- Taiwan stocks open up 0.5 pct at 11,002.15 points.
We prefer to take short position on USD/TWD around 29.80, stop loss 30.02 and target of 29.50.
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