BOE Hold Supports GBPTHBBRITISH POUND / THAI BAHTFX_IDC:GBPTHBYES_GroupMarket Analysis: The British Pound is well-supported after the Bank of England (BOE) kept interest rates steady at 3.75% as anticipated. The fact that several committee members voted for a rate hike indicates that inflationary pressures in the UK remain sticky. Looking ahead, market participants are focused on the May Retail Sales data due at 13:00. A stronger-than-expected print could give Sterling an additional short-term boost. Technical Outlook: While the macro 4H structure points downward, the short-term picture shows a bullish recovery with the price steadily closing above the EMA lines. The MACD has logged a bullish cross, and the RSI sits above 50, confirming short-term buyer dominance. If the price can cleanly break through the Order Block zone at 43.33 – 43.38, it opens the door to test the 43.39 – 43.42 resistance area. A weak afternoon start for Thai equities could provide further upside traction. Risk Factor: Given the broader downtrend, this upward drive could fade as a mere technical correction. If the price gets rejected at the 43.33 – 43.38 Order Block, look for a drop back to the 43.31 – 43.27 support band. A bullish afternoon for the Thai stock market would also cap gains. Support Level : 43.31 – 43.27 Target : 43.39 – 43.42 Stop Loss : 43.26