Cable met headwind around 1.2442 after catching a fresh bid in Asia

1.2442 is 61.8% Fibo of 1.3749 (Jan 2022 high) to 1.0327 (Sept low)

Offers around the Fibo resistance level capped GBP/USD twice last month

1.2443/46 = Dec 13/14 highs. 1.2447 was Asia top (highest since June 10)

Ascent to 1.2447 aided by stock gains (pound is risk-sensitive) nL4N3480R7

More: nL1N3452ID. 1.2400 is now a support point (1.2405 was Friday's high)