GBP/USD closed lower due to profit taking on Friday ending a two-day correction off Tuesday's low. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are turning bullish signalling that sideways to higher prices are possible near-term. Closes above the reaction high crossing are needed to confirm that a low has been posted. If June renews this week's decline, May's low crossing is the next downside target.