GBPTHB Eyes UK PMIBRITISH POUND / THAI BAHTFX_IDC:GBPTHBYES_GroupFundamental Outlook GBPTHB is expected to trade within a range with a bearish bias in the short term. Today, markets are closely watching the UK Manufacturing PMI for fresh signals on the strength of the British economy and the monetary policy outlook of the Bank of England (BoE). Investors are also monitoring the U.S. Manufacturing PMI, which could influence the direction of the U.S. dollar. If the UK Manufacturing PMI comes in above expectations, it may provide short-term support for the British pound. However, stronger-than-expected U.S. manufacturing data could boost the U.S. dollar and limit GBPTHB's upside. Technical Outlook GBPTHB continues to favor a Bearish outlook after being rejected from the 44.16 resistance level, followed by sustained selling pressure that pushed the pair below its short-term moving average and Uptrend Line, indicating that sellers have regained control of the near-term momentum. Although the decline has begun to stabilize around the 44.89–44.90 support zone, there are still no clear signs of a bullish reversal. As a result, any recovery is likely to be a short-term rebound before renewed selling pressure emerges. The RSI is currently at 42.01, below the neutral 50 level, reflecting weakening momentum. Meanwhile, the MACD has crossed below the Signal Line, and the Histogram remains in negative territory, suggesting that bearish momentum continues to dominate. As long as GBPTHB remains below 44.95, the pair is likely to extend its decline toward 44.75, with a further downside target at 44.66, the main objective of the Bearish Scenario. Bearish Scenario: 44.75–44.66 Bullish Scenario (Only if price holds above 44.95): 44.95–45.00 Cut Loss (Short Position): Above 44.95