The GBP/JPY reaches the expected resistance

The GBP/JPY has been rallying since yesterday as shown on the daily chart and today it reaches the 139.00 round number level. From this point the pair may give us an opportunity to enter either to the upside or to the downside. If the price breaks to the upside, it may try to go and reach the 146.00 level, but to open a buy position we must be patient and wait first for confirmation of the breakout in the form of two or three bullish candles above the 139.00 level and then wait for the pullback to the same 139.00 level for a buy entry. If the price bounces to the downside from the 139.00 level, then it may fall to the low at the 128.67 level, which could act as support.