According to the M.A ERSI SYS, the price have to drop down as shown in the graph to hit the lower boundary of the price up channel. If the price breakdown the 114.100 level and close a weekly candlestick under it, I suppose that it would brakedown the channel. In addition, usually when the price creates a fake breakout of a channel, it returns back and break the other channel side. Attention please: This is my own technical analysis vision, so be careful and don't trade without STOP LEVEL for each trade.