$GBPUSD

GBPUSD closed lower on Wednesday extending last week's decline. The low-range close sets the stage for a steady to lower opening when Thursday's night session begins trading. 

Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends the decline off last week's high, November's low crossing at
1.5828 is the next downside target. Closes above the 20-day moving average crossing at 1.6149 would temper the near-term bearish outlook. 

First resistance is the 20-day moving average crossing at 1.6149. 

Second resistance is last Wednesday's high crossing at 1.6314. 

First support is last Friday's low crossing at 1.5945. 

Second support is November's low crossing at 1.5846.