GBP/USD closed lower due to profit taking on Thursday as it consolidates some of the rally off December's low. The mid-range close sets the stage for a steady opening on Friday. Stochastics and the RSI are overbought 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 would confirm that a short-term top has been posted. If it extends the rally off this month's low, November's high crossing is the next upside target.