EUR/JPY Price Analysis: No changes to the (very) bullish outlook

• EUR/JPY extends the rally beyond the 154.00 hurdle.
• There are no resistance levels of note before the 156.80 region.

EUR/JPY marches north at a firmer pace and surpasses the 154.00 yardstick for the first time since September 2008 o Friday.

The current scenario remains open to extra gains in the short-term horizon. Against that, the next up-barrier of certain significance is expected at the weekly top recorded in late September 2008 at 156.83, which precedes the key round level at 157.00.

So far, further upside looks favoured while the cross trades above the 200-day SMA, today at 144.45.

EUR/JPY daily chart