GBPTHB Tracks USD MovesBRITISH POUND / THAI BAHTFX_IDC:GBPTHBYES_GroupMarket Outlook GBPTHB is expected to trade sideways with a bullish bias in the short term, as the United Kingdom has no major economic data releases scheduled today. As a result, the British Pound is likely to be driven primarily by US Dollar movements and overall global market sentiment. Meanwhile, investors are awaiting the release of the UK labour market data tomorrow, which could provide further insight into the UK economic outlook and the future monetary policy direction of the Bank of England (BoE) Technical Analysis The overall chart structure for GBPTHB is transitioning into a Sideways to Sideways Up pattern after correcting from the recent high around 45.48. The pair is currently trading above the key support area near 45.15 and attempting to establish a new base within the 45.24–45.28 zone. If price can hold above this area, it could rebound toward the 45.31–45.35 resistance zone, which coincides with the 50.0%–61.8% Fibonacci retracement levels and represents a significant resistance area in the current structure. In addition, a weaker opening in the Thai stock market could provide further support for GBPTHB. Risk Factors Although short-term momentum has started to improve, the pair is still trading below its key resistance zone. Failure to break above 45.28–45.31 could trigger renewed selling pressure, leading to a pullback toward the 45.15–45.11 support area. A break below 45.15 would signal weakening buying momentum and increase the likelihood of a deeper correction toward the Order Block around 45.11. Target Price: 45.31 – 45.35 Support: 45.15 – 45.11 Cut Loss: 45.14