EUR/JPY Price Analysis: Near-term upside bias unchanged above 134.65

• EUR/JPY adds to recent gains and trespasses the 137.00 hurdle.
• While above the 2-month support line, further gains are likely.

EUR/JPY extends the march north for the third session in a row beyond the 137.00 barrier at the beginning of the week.

The cross surpassed the 136.80 region and in doing so it opened the door to extra gains to, initially, the May high at 138.31 (May 9) prior to the 2022 high at 140.00 (April 21).

In the meantime, while above the 2-month support line around 134.65, the short-term outlook for the cross should remain bullish.

EUR/JPY daily chart