GBP/USD closed lower on Tuesday and the low-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI remain bearish signalling that sideways to lower prices are possible near-term. Prices closed near the session high today on short covering. Bulls have the slight near-term technical advantage but trading has turned choppy. The next upside price objective for the bulls is closing prices above solid technical resistance at the November high.
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