GBP/USD closed lower due to profit taking on Thursday as it consolidates some of this week's rally but remains above the 20-day moving average crossing. The low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI remain bullish signalling that sideways to higher prices are possible near-term. If it extends this week's rally, the reaction high crossing is the next upside target. Closes below Tuesday's low crossing would temper the near-term friendly outlook.