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USDJPY is currently testing the support of a rising price channel on the 4-hour chart. As long as this channel support holds, the pullback from 141.94 could be seen as a consolidation for the uptrend from 137.23, and a further rise toward the 143.00 area is still possible.

On the other hand, if the price were to break down below the channel support, it would indicate that the upside move has already been completed at 141.94 and another fall toward the previous low of 137.23 could be seen.

Overall, while USDJPY is testing the support of a rising price channel that could see further upside movement, there is also the possibility of a breakdown below the channel support that could see the price fall.

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