GBP/USD closed higher on Tuesday and the high-range close sets the stage for a steady to higher 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.