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GBPJPY Technical Check: Is the Dragon Running Out of Fire? 
- USD/TWD is currently trading around 29.92 marks.
- It made intraday high at 29.95 and low at 29.84 marks.
- Intraday bias remains neutral till the time pair holds key support at 29.80 mark.
- A daily close above 30.02 will drag the parity up towards key resistances around 30.15, 30.40, 30.70, 30.87, 31.02, 31.22, 31.40, 31.71 and 31.90 marks respectively.
- On the other side, key support levels are seen at 29.84, 29.70 and 29.46 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
- Taiwan’s stock was trading 0.37 pct lower at 12,047.51 points.
We prefer to take short position on USD/TWD only below 29.80, stop loss at 30.02 and target of 29.70/29.46.
