Yangzijiang Testing Channel Resistance on Weekly Chart

Testing of dual resistance of blue channel in progress. A move into the upper channel region will meet the 50% Fibonacci Retracement resistance followed by the green resistance belt. If further buying interest continues a retest of 61.8% Fibonacci Retracement resistance is imminent.

However if the upper channel resistance cannot be overcome then expect a pullback to 1.40 and the lower blue channel support if there is further weakness.