GBPTHB Holds Positive Bias

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GBPTHB Holds Positive BiasBRITISH POUND / THAI BAHTFX_IDC:GBPTHBYES_GroupMarket Analysis: GBPTHB is moving in line with USDTHB, showing a stable to stronger trend. Despite the absence of major UK economic data today, the Pound remains supported by relatively high interest rates compared to other developed economies. In the short term, the pair will hinge heavily on tonight’s US economic data releases and overall USD movements; a weaker-than-expected US performance could provide further upside for GBPTHB. Technical Outlook: The technical picture for GBPTHB points to a continuing uptrend, with the price holding above its EMA lines and printing consistent higher lows while testing the 44.13 resistance level. The MACD is positioned above its signal line with positive histogram bars, showing that buyers remain in control. The RSI sits at 71.81, indicating the pair is entering an overbought zone. Establishing a firm foothold above 44.11 opens the door to the 44.13-44.18 target area. However, profit-taking or an upbeat Thai stock market opening could cause a pullback toward the 44.02-44.05 support zone. Support Level : 44.05-44.02 Target : 44.13-44.18 Stop Loss (: 44.00