CHFTHB Eyes KOF DataSWISS FRANC / THAI BAHTFX_IDC:CHFTHBYES_GroupMarket Analysis: GBPTHB is expected to trade range-bound and volatile as investors await the Bank of England (BoE) rate decision, MPC meeting minutes, and Governor Andrew Bailey’s remarks. Additionally, US economic data releases (Q2 GDP, Core PCE, and Jobless Claims) will drive USD movements. A hawkish BoE tone or strong UK data could push GBPTHB higher, while a dovish stance or resilient US data would exert downside pressure. The CHFTHB is showing early signs of a bullish reversal after breaking above the downtrend line and holding above the EMA, while forming a Higher Low (HL). The pair is currently retesting the key resistance level at 41.19. A sustained break above this level would confirm the bullish reversal and increase the likelihood of a move toward the next target at 41.30. The RSI is currently around 64, indicating that bullish momentum has strengthened, although it is approaching the overbought zone. Meanwhile, the MACD remains above the Signal Line, with a positive histogram, suggesting that buyers continue to dominate. However, traders should be cautious of potential short-term profit-taking near the resistance area. If CHFTHB can maintain a position above 41.19, the probability of an advance toward 41.30 will increase. Risk Scenario Although the overall outlook has turned more constructive, the pair is currently testing a key resistance level. Failure to break above 41.19 could trigger profit-taking, leading to a pullback toward the support zone at 41.13–41.08. A break below 41.08 would indicate weakening bullish momentum and could open the door for a further decline toward 40.98. Bullish Scenario (Target Prices) TP1: 41.19 TP2: 41.30 Support Levels 41.13 41.08 Cut Loss Below 41.08