Though there is bearish divergence forming, there is also a bullish hidden divergence forming at H4. I believe that price may go beyond 1.2384 because of the hidden divergence. But have to be cautious about the bearish divergence forming.
Bullish Hidden CCI/Price divergence developing at H1 TF. Let us look for buy signals.
GBPUSD has to drop further before any up movement can happen. This is due to a hidden CCI/Price divergence at M15 TF.
Price will drop once more due to a hidden divergence. Will see whether the retest to 1.2384 is still valid after the drop
Price droped a bit but CCI/Price divergence still valid
CCI/Price divergence indicate a retest of 1.2384
CCI/Price divergence at M15. Price will retest 1.2384
CCI/ Price divergence is developing at H4 TF. Please buyers take caution