GBPUSD | 4H pullback after 1.36 rejection — range, not reversal GBP/USDOANDA:GBPUSDmasood112jOANDA:GBPUSD • 4H execution / D1 context. Snapshot: 1.33526, Friday Nov 6 close; OANDA shows market closed, so this is not a live quote. Latest D1 bar: O 1.34521 / H 1.34637 / L 1.33425 / C 1.33526 (-0.72%). Structure: the daily chart remains a broad, volatile range, roughly 1.31–1.36. The early-November 4H rally from the 1.32 area stalled near 1.36 and then retraced sharply to 1.335. That is a rejection of the upper range, but not yet proof the full range has broken. The early-November swing high near 1.360 and late-October support around 1.320–1.325 are approximate visual pivots. Bias is neutral-to-bearish below 1.345–1.350; current price is near interim support, so no chase. Conditional short only: if a rebound tests 1.341–1.346 and the 4H chart rejects it, use 1.3435 as a reference entry after confirmation. Invalidation: 4H acceptance above 1.3525. Targets: 1.3300, then 1.3200. Reference risk is 90 pips; rewards are 135 pips (1.5R) and 235 pips (~2.6R). Recalculate if the next open gaps. Alternative: if 1.330 support holds and price reclaims 1.346 on 4H, stand aside; a daily close above the 1.360 range high invalidates the bearish case and favors reassessment, not an automatic long. All levels are approximate chart zones; scenarios only, no guarantees or financial advice. No FVG/OB/BOS claim.