The GBPUSD reverses course and retests MA/trend line resistance

Declines from Friday and Monday are being retraced
The GBPUSD fell on Friday and the Monday. The fall to the downside took the price close to the 50% retracement of the move up from the December 21 low at 1.34448, and bounced.  The move back above the swing area (see yellow area in the chart below)