GBP/USD closed higher on Friday as it extends last week's rally. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are turning bullish signalling that sideways to higher prices are possible near-term. If it renews the rally off December's low, weekly resistance crossing is the next upside target. Closes below last Friday's low crossing are needed to confirm that a short-term top has been posted.