GBP/USD Review, September 21-25, 2020

The currency pair surged last week but started a correction on Friday after testing 1.2980. The Bank of England was optimistic but the governors have paid attention to the fact that they are ready to work with negative interest rates if necessary.
The situation is unclear on the Daily chart. GBP/USD is able to retest 1.2980 targeting 1.3232 on the one hand. The currency pair is able also to develop its local downtrend after a Hangout pattern on the other hand.