GBPUSD Technicals: GBPUSD tests key retracement ceiling after two - leg decline

The GBPUSD has now made two clear downside runs beginning from yesterday’s session high at 1.3661 — and that sequencing matters.The first leg lower took the pair from 1.3661 down to 1.3550 during the late Asian / early European session. That move had momentum behind it. Sellers were in control, pushing price through intraday support without much hesitation.