GBP/USD rebounds on 1.3125 range and is expected to be bullish move toward breaking resistance 1.3290 to complete the movement of wave v of (c) 2.
Meanwhile the economic data release United Kingdom shows that Manufacturing PMI fell to 49.1 from 52.1 in June, the lowest since February 2013. The composite index, which combines manufacturing and services sector, plunged to 47.7 from 52.4, the weakest reading since April 2009. Markit said that if the PMI remained at the level it is today, they would consistently concluded that the economy shrank at a quarterly pace of 0.6 percent, a rate of decline that hasn't been seen since the recession of 2008-09.
Technical Analysis
On the graph below the H4 can be seen one of the chances of a split which could help you taking trading decisions today.
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