GBP/USD closed higher on Wednesday as it extends some of the rally off the late-March low. The high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI remain neutral to bullish signalling that sideways to higher prices are possible near-term. If it extends the rally off March's low, the reaction high crossing is the next upside target. Closes below the 20-day moving average crossing would temper the near-term friendly outlook.
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