GBP/USD closed higher due to short covering on Monday as it consolidates some of the decline off last Thursday's high. The mid-range close sets the stage for a steady opening on Tuesday. Stochastics and the RSI are diverging and are turning bearish signalling that a double top with November's high might have been posted with last Thursday's high. Closes below the 20-day moving average crossing would confirm that a short-term top has been posted.