GBPTHB Eyes BRC Retail SalesBRITISH POUND / THAI BAHTFX_IDC:GBPTHBYES_GroupGBPTHB is expected to move higher in the short term, although the market is likely to remain sensitive to movements in the U.S. dollar and Thai baht. There are no major UK economic releases scheduled today, while the BRC Retail Sales Monitor for July, forecast at 1.5% YoY, down from 1.7% previously, will provide a short-term indication of consumer spending in the UK. A stronger-than-expected retail sales reading could provide support for the GBP, while weaker data could limit the pound’s upside. Meanwhile, movements in the USD and Thai baht remain important factors for GBPTHB. A weaker U.S. dollar could support the pound and reduce pressure on GBPTHB, while a stronger USD could weigh on the pair. Overall, despite limited UK economic catalysts today, the technical breakout and positive momentum support a Bullish view for GBPTHB in the short term. Technical Analysis GBPTHB has shifted into a Bullish trend, with price breaking above the short-term resistance and moving within an ascending structure. The recent breakout is supported by positive momentum, while RSI remains above 50 and MACD continues to strengthen. If price can hold above the 44.72–44.75 area, GBPTHB could continue higher toward the key resistance and target at 44.81, which also coincides with the upper FVG zone. A pullback into the 44.66–44.70 area could provide support. However, a break below the ascending trend structure would weaken the bullish setup. Bias: Bullish Resistance: 44.78–44.81 Support: 44.66–44.70 Target: 44.81 Invalidation: Below 44.66