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GBP/USD closed higher due to short covering on Thursday as it consolidates some of Wednesday's decline. The high-range close sets the stage for a steady to higher opening on Friday. However, stochastics and the RSI are turning neutral to 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 this month's rally, the reaction high crossing is the next upside target.