GBPTHB Supported by Dollar StrengthBRITISH POUND / THAI BAHTFX_IDC:GBPTHBYES_GroupMarket Analysis: GBPTHB moved higher alongside USDTHB as the Thai Baht weakened from dollar buying, despite GBPUSD remaining relatively stable. Today, the market will follow speeches from BoE Monetary Policy Committee members Swati Dhingra and Huw Pill. Following the BoE’s recent decision to hold rates at 3.75%, any signs from officials suggesting a delay in future rate cuts or expressing concerns over persistent inflationary pressures could provide short-term support for the Pound. Technical Outlook: The overall chart for GBPTHB is in an uptrend following a Break of Structure (BOS), consistently forming Higher Highs (HH) and Higher Lows (HL). The price is currently trading near 44.07, approaching a key resistance around 44.13. The RSI is at 80.93, indicating overbought conditions, while the MACD remains above the signal line with a positive histogram, confirming strong bullish momentum. If the price maintains a strong position above 44.02-44.05, it could challenge the 44.13 resistance again, with a breakout opening targets up to 44.21-44.26. Note that short-term overbought pullbacks to 43.93 and 43.84 are possible, and the positive opening of the Thai stock market this morning could also apply some pressure. Support Level : 43.93 – 43.84 Target : 44.21 – 44.26 Stop Loss : 43.80