GBPTHB Volatile Amid UK HolidayBRITISH POUND / THAI BAHTFX_IDC:GBPTHBYES_GroupMarket Analysis: The UK market is closed today for the Spring Bank Holiday, leading to thin liquidity and a higher potential for volatile price swings in GBPTHB. Last week, April Retail Sales missed forecasts sharply at -1.3% (vs. expected -0.6%), showing that consumers remain hesitant to spend despite rising wages, likely due to economic and political uncertainties. However, the Pound is supported by a resilient labor market and strong wage growth, keeping the BOE hawkish with expectations alive for a potential rate hike at the June 18 meeting. Technical Outlook: The 4H timeframe displays a “Sideways Down” structure with visible short-term weakening. The price broke below the EMA20, driven by strong selling pressure from 43.86 down to the 43.71 zone, while the MACD crossed below the signal line with expanding negative histogram bars, keeping sellers in control. However, since the price is approaching a critical support zone at 43.69–43.68 and the RSI is nearing oversold territory, a short-term rebound is possible. A move back above 43.77 or a bullish MACD crossover—potentially triggered if the SET opens in the red—could drive the price to retest the 43.77–43.81 resistance. Alternatively, a positive SET opening could drag the pair down to test the 43.69–43.68 support again. Stop Loss : 43.67 Support Level : 43.69–43.68 Target : 43.77–43.81