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GBP/USD closed lower on Wednesday confirming yesterday's breakout below the 20-day moving average crossing. The low-range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI are bearish signalling that sideways to lower prices are possible near-term. If it extends this week's decline, the reaction low crossing is the next upside target. If it renew the rally off July's low, the reaction high crossing is the next upside target.