GBP/USD closed lower due to profit taking on Friday and below the 10-day moving average crossing signalling that a short-term top might be in or is near. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are overbought, diverging and are turning neutral to bearish hinting that a short-term top might be in or is near. Closes below the 20-day moving average crossing are needed to confirm that a short-term top has been posted. If it extends the rally off May's low, the 38% retracement level of the 2009-2010-decline crossing is the next upside target.