GBP/USD closed higher on Friday and above the 20-day moving average crossing confirming that a short-term low has been posted. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are bullish signalling that sideways to higher prices are possible near-term. If it extends the rally off last week's low, March's high crossing is the next upside target. If it renews the decline off March's high, the 50% retracement level of the December-March rally crossing is the next downside target.