FXstreet.com (San Francisco) - The Pound is trading lower right now against the US Dollar on the USD strength across the market on risk aversion after Bernanke speech. The GBP/JPY has fallen 65 pips in the last hour from 123.65 to test 123.00 level.

Currently the pair is pricing at 123.05, 0.22% below opening price action. Pair looks "Slightly Bearish" and "Overbought" according to the FXstreet.com technical studies in its 15-minute timeframe.