This is a midterm trading setup: Main talking points: 1- GBPAUD is trading around 1.690 at the time of this report. 2- Manufacturing PMI under the spot line at 08:30 GMT 3- the level ish in 1 may be a signal of trend exhaustion 4- we may see the pair starting a reversal move toward a resistance level as it appears on the chart 5- this is a midterm trading setup, it is highly recommended to get into trade after 2 has faded so that you gauge the market properly.