Cable rises to 1.2394 as Asian equity gains lift risk-sensitive pound

Nikkei up 2.37%; Kospi up 5.7%. 1.2394 is highest level since Sept 20

1.2389 was Friday's high, as the dollar slumped on soft US jobs data

Resistance levels include 1.2400 and 1.2435 (200-day moving average)

1.2364 (Asian session low) and 1.2337 (Oct 11 high) are support points

Net GBP short rose for fourth consecutive week in week to Oct 31 - CFTC data