GBP/CAD Next Month Outlook - the secondary correction may be started in the near future

W1 price is above 200 period SMA (200-SMA) and 100 period SMA (100-SMA) for the primary bullish market condition with the secondary ranging within 38.2% Fibo support level at 1.9885 and Fibo resistance level at 2.0970:

• the price is crossing 23.6% Fibo support level at 2.0309  from above to below for 38.2% Fibo support level at 1.9885 as the next target;
  
• RSI indicator is estimating the secondary correction to be started in the near future.

If the price will break 38.2% Fibo support level at 1.9885 on close weekly bar so the secondary correction will be started within the primary bearish market condition.
If the price will break Fibo resistance level at 2.0970 from below to above so the primary bullish trend will be continuing.
If not so the price will be ranging between the levels.

Trend: