GBP/USD closed higher due to short cover on Monday as it consolidates some of last week's decline. The high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI are turning neutral to bullish signalling that sideways to higher prices are possible near-term. If it renews the rally off July's low, the reaction high crossing is the next upside target. Closes below last Thursday's low crossing would temper the near-term bullish outlook.