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GBP/USD posted an inside day with a lower close on Thursday as it consolidates some of the rally off December's low. The low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI are bullish signalling that sideways to higher prices are possible near-term. If it extends the rally off December's low, weekly resistance crossing is the next upside target. Closes below the reaction low crossing are needed to confirm that a short-term top has been posted.