GBPTHB Tracks USD MovesBRITISH POUND / THAI BAHTFX_IDC:GBPTHBYES_GroupMarket Analysis: GBPTHB is likely to trade sideways today as market participants monitor a speech by Bank of England (BoE) Chief Economist Huw Pill, which may offer clues regarding interest rate policy and guide the Pound. Additionally, the market will keep an eye on the US Dallas Fed Manufacturing Index later tonight. A better-than-expected reading could boost the US Dollar and temporarily weigh on GBPTHB, whereas a weaker outcome might aid a GBP recovery. Technical Outlook: The GBPTHB daily chart reveals an ongoing “Sideway Up” trajectory, supported by the asset’s ability to maintain a higher low structure. Despite encountering short-term selling pressure at the key resistance level of 44.09–44.10, the resulting pullback has brought the price down to test the Fibonacci 0.50–0.618 support zone at 44.02–44.05. This represents a solid support area where buyers may step back in. If the price holds above 44.02–44.05, a rebound to test resistance at 44.09–44.13 is likely, with a clean breakout opening the door to retest the prior peak at 44.19. Trading Risks: Although the primary bias remains tilted to the upside, the near-term price behavior hints at consolidation following its failure to cross the 44.09 resistance mark. A breach below the 44.02–44.05 zone could invite a further drop toward the 43.97 support line. Moreover, a positive start for the Thai stock exchange during morning hours could exert an extra drag on GBPTHB. Support Level : 43.97 Target : 44.05 – 44.09 Stop Loss : 43.95