/
 
GBP/USD closed lower due to profit taking on Friday and the mid-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI remain neutral to bullish signalling that sideways to higher prices are possible near-term. If it extends the rally off December's low, weekly resistance crossing is the next upside target. Closes below the reaction low crossing are needed to confirm that a short-term top has been posted.