GBPTHB Eyes BoE and PPIBRITISH POUND / THAI BAHTFX_IDC:GBPTHBYES_GroupGBPTHB exhibits a steady-to-bullish bias in the short term, heavily supported by the weakness in the DXY index following the cooler US inflation report, which provided an upward lift to GBPUSD. Today, the market is highly focused on a speech by BoE MPC member Huw Pill to extract cues regarding the central bank’s upcoming interest rate trajectory; a hawkish narrative could offer additional structural support to the Pound. Nevertheless, the impending US PPI and Core PPI data tonight remain a key catalyst; an upside surprise could revive the greenback and put a lid on GBPTHB’s short-term gains. A positive opening in the Thai stock market also acts as a near-term downside risk factor. Technical Outlook: Bullish Bias. The primary technical structure is firmly bullish, characterized by a persistent sequence of Higher Lows (HL) with price action accelerating back toward the immediate Swing High. Trading above both key EMA lines confirms that buyers hold the upper hand. If the price can firmly breach and consolidate above the 44.84–44.89 resistance cluster, it will trigger a continuation pattern toward the major target zone at 44.93–44.96. Conversely, the 44.89 level stands out as an immediate horizontal barrier; failure to clear it could prompt short-term profit-taking, causing a temporary retracement to the 44.81–44.79 support range. A breakdown below the critical 44.79 mark would signal fading demand and expand the downside risk toward the 44.73 structural zone Support : 44.81 – 44.79 Resistance : 44.84 – 44.89 Target : 44.93 – 44.96 Cut Loss : 44.77