GBPTHB Eyes Baht DirectionBRITISH POUND / THAI BAHTFX_IDC:GBPTHBYES_Group- Friday Recap GBPTHB closed at 44.83, trading within a range with a slight bullish bias in the short term, while remaining volatile in line with movements in both the British pound and Thai baht. Meanwhile, the market is awaiting key economic factors to determine the short-term direction. - Fundamental Analysis | 17 Aug 2026 GBPTHB is expected to trade within a range with a slight bullish bias in the short term. There are no major economic data releases from the UK today, so the market is likely to focus primarily on developments in Thailand. Thailand’s Q2 GDP came in better than market expectations, with GDP YoY at 1.9%, above the 1.7% forecast, although slowing from the previous reading of 2.8%. GDP QoQ came in at -0.2%, better than the -0.6% forecast, reflecting a smaller-than-expected slowdown in the Thai economy. These figures could support the Thai baht and put downward pressure on GBPTHB in the short term. However, if the baht begins to weaken or buying interest returns to the pound, this could limit the downside and keep GBPTHB trading within a volatile range. - Technical Analysis Bias: Sideway to Slightly Bullish GBPTHB is currently consolidating after moving higher within an uptrend. Price has pulled back toward the Fibonacci support zone, but the short-term structure remains intact. If price can hold above the 44.80–44.77 zone, buying pressure could return. From the chart, price is testing the Fibonacci 0.5 level at 44.80, with the next key support at the 0.618 level around 44.77. This is an important zone to monitor. If price can hold above this area, a rebound toward the 44.83 resistance level could occur. However, if price breaks clearly below 44.77, short-term bullish momentum could weaken, opening the way for a further pullback toward the next support zone around 44.74–44.68. Resistance: 44.83 Support: 44.80 / 44.77 Target: 44.71 Cut Loss: Below 44.77