After falling sharply Dec. 15 GBP/USD bounces have been very shallow

Today's bounce was capped near the 10-DMA, had been support on the rally

GBP/USD now consolidating the recent fall while between 10- & 21-DMAs

Monthly inverted hammer candle is another concern for GBP/USD bulls

November's monthly high remains am impediment for GBP/USD shorts

Consolidation is likely to resolve with a move to the downside

Supports near 1.1900 and 1.1750 will them become targets

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