GBP/USD closed lower on Tuesday as it extends the decline below the 10-day moving average crossing. The mid-range close sets the stage for a steady opening on Wednesday. Stochastics and the RSI are turning bearish signalling that sideways to lower prices are possible near-term. If it extends today's decline, May's low crossing is the next downside target. Closes above the reaction high crossing are needed to confirm that a low has been posted.