GBP/CAD Is Bullish for Now

GBP/CAD bounced off from 1.8050 and moved to the downside for the past few days but finally found some support at 1.7735 which is slightly below the (MA)89 indicator on the four-hour time-frame. The pair formed two spinning top candlesticks on the same time-frame at the aforementioned support level and bounced off from it as well. Currently it is testing the resistance at 1.7850. A breakout above that level will probably lead to a further move to the upside towards 1.7900. If the pair retraces back to 1.7735 and breaks out below it instead there could be another move to the downside towards 1.7615 which is the previous low.