GBPTHB Holds Slight Bullish BiasBRITISH POUND / THAI BAHTFX_IDC:GBPTHBYES_GroupFriday Recap On Friday, GBPTHB closed at 44.62 in the Thai market. GBPTHB remained within a sideways range, with no clear new catalysts from the UK. As a result, the short-term direction remains primarily driven by GBPUSD and the direction of the USD. Fundamental — 24/8/26 Today, there are no major UK economic data releases, so GBP is likely to move mainly in line with GBPUSD and overall market risk sentiment. If U.S. economic data released in the evening comes in stronger than expected, it could support the USD and put pressure on GBPUSD, potentially weighing on GBPTHB. Conversely, weaker-than-expected U.S. data could limit USD strength and provide support for the GBP. Overall, GBPTHB is expected to trade within a range with a slight short-term upside bias, as there are still no significant new catalysts from the UK to drive GBP in a clear direction. The market will continue to monitor the USD and Thai baht. The Thai stock market opened lower this morning due to significant domestic selling pressure, which could weaken the baht and provide additional support for GBPTHB. Technical Analysis Bias: Sideway Up / Slightly Bullish GBPTHB is currently consolidating after a sharp decline. The price has rebounded from the lower zone but remains below the key moving averages. The short-term picture therefore suggests sideways movement while waiting for a new direction. Resistance: 44.58 Key resistance level. A break above this level could open up further upside potential. Support: 44.47 Key support level. Holding above this level would maintain the Sideway Up structure. Target: 44.58 Cut Loss: 44.44 If the price breaks below 44.47 and falls below 44.44, the Sideway Up structure would be invalidated, with potential for a retest of the previous low.