GBP/USD closed lower due to profit taking on Thursday 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 are bullish signalling that sideways to higher prices are possible near-term. If it extends Tuesday's rally, the reaction high crossing is the next upside target. Closes above the 10-day moving average crossing are needed to confirm that a short-term low has been posted.