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Overall, GBP/USD is trending upwards. Recently, GBP/USD trended higher, breaking the resistance zone of 1.32000. The UK CPI y/y data will be released later at 1400 (SGT). -CPI y/y (Forecast: 0.6%, Previous: 0.6%) -Core CPI y/y (Forecast: 1.3%, Previous: 1.4%) Currently, GBP/USD is moving towards the support zone of 1.32000 and the next resistance zone is at 1.34600. Look for buying opportunities of GBP/USD if it bounces off the support zone of 1.32000.