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FxWirePro: GBP/USD gains some upside momentum but still bearish 
- USD/THB is currently trading around 31.72 marks.
- It made intraday high at 31.76 and low at 31.71 marks.
- Intraday bias remains neutral till the time pair holds key resistance at 31.78 mark.
- On the top side, key resistances are seen at 31.78, 31.92, 32.02, 32.10, 32.22 and 32.54 marks respectively.
- Alternatively, a daily close below 31.60 will drag the parity down towards key supports around 31.42, 31.28, 31.20 and 31.06 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
- Thailand will release forex reseves and currency swap data around 0730 GMT.
We prefer to take long position on USD/THB only above 31.78, stop loss 31.70 and target of 32.02 mark.
