USD/CHF experienced a significant gap higher at the open of the trading session. While there has been a subsequent pullback, the overall bullish trend remains intact.

Key Technical Indicators:

• Gap Up: The gap higher suggests strong bullish momentum and a potential for further upside.
• RSI: The Relative Strength Index (RSI) is not yet overbought, indicating room for further price increases.
• Upward Trend: The pair is in a clear uptrend, with higher highs and higher lows.

Potential Scenarios:

• Upside: A break above the 0.8700 level could lead to further gains, with the next target at 0.8750.
• Downside: A significant pullback below the recent support level could indicate a temporary pause in the uptrend, but the overall bullish bias remains strong.