GBPTHB Awaits UK GDPBRITISH POUND / THAI BAHTFX_IDC:GBPTHBYES_GroupMarket Analysis: GBPTHB is expected to trade within a steady-to-bullish range. Markets are highly focused on a crucial UK data dump today, including May GDP, Industrial Production, and Trade Balance figures. Solid economic outcomes will strengthen the UK growth outlook, reinforcing expectations that the Bank of England will pursue a highly cautious, measured approach toward monetary easing, providing systemic support for the Sterling. Nevertheless, near-term price rotations will remain highly tied to broader USD trends post-US economic data tonight. A positive opening in the Thai stock market also introduces an immediate localized downside risk. Technical Outlook: Bullish Bias / Overextended Risk. The short-term trend exhibits a solid Sideway Up to Bullish posture, validated by a strong upward run and consecutive Higher Highs (HH) above both key EMA lines. While the structural backdrop is firmly in favor of buyers, the price has recently paused near immediate horizontal resistance at 45.47 (Resistance 1). Furthermore, the RSI is currently trading at highly elevated levels, flagging a prominent risk of a technical mean-reversion or profit-taking pullback. A clean daily breakout above 45.47 will open the next target cluster at 45.54–45.60. However, if the price rejects 45.47, expect a retracement toward the 45.38 support base. A breach below this support will signal a near-term trend exhaustion, risking a deeper correction into the 45.31–45.28 demand zone. Support : 45.38 Resistance : 45.47 Target : 45.54 – 45.60 Cut Loss : 45.36