GBPTHB Tracks USD DirectionBRITISH POUND / THAI BAHTFX_IDC:GBPTHBYES_GroupMarket Analysis: GBPTHB is expected to track USD movements closely due to a lack of major UK economic data today. However, the market continues to price in the latest BoE meeting, which maintained interest rates at 3.75% and sounded a cautious note on future rate cuts. This keeps the GBP supported by favorable interest rate differentials compared to several European peers. Technical Outlook: The chart points to a short-term recovery structure, with the price navigating inside an Ascending Channel and keeping above its EMAs. The RSI is sitting above 50, showing that buying pressure remains intact. While the MACD histogram shows a slight cooling of momentum, there are no clear signs of a bearish reversal. If the price can stabilize above the 43.49 – 43.50 zone, it has room to push toward upside resistances at 43.60 and 43.65. Risks: The RSI is losing upward pace and the MACD histogram shows weaker bullish momentum, signaling that buyers may be tiring. Failing to break above 43.60 could invite quick profit-taking, dragging the price back to test the 43.49 – 43.44 area. A positive turn in the afternoon session of the Thai stock market could also pressure the pair. Support Level : 43.49 – 43.44 Target : 43.63 – 43.65 Stop Loss / Cut Loss : 43.43