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GBP/USD closed lower due to profit taking on Friday as it consolidated some of the rally off July's low. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are diverging but remain neutral to bullish signalling that sideways to higher prices are possible near-term. If it extends the rally off July's low, May's high crossing is the next upside target. Closes below last Thursday's low crossing would confirm that a short-term top has been posted.