GBP/USD closed sharply lower on Tuesday and below the 10-day moving average crossing signalling that a short-term top is in or is near. The low-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI are overbought and are turning bearish hinting that a short-term top might be in or is near. Closes below the 20-day moving average crossing would confirm that a short-term top has been posted. If it extends the rally off this month's low, November's high crossing is the next upside target.