I am always looking for opportunities to Buy the Yen pairs, i dont trade this pair that often but an opportunity with the EURJPY has a stop loss of more than 150 pips which i dont like. CHFJPY is either doing a really deep correction (in black) or has finished and will make a new high after which I would like to buy it. Either scenario seems a good risk reward opportunity so we will wait to see how the price action unfolds over the next day or so. The structure of the pullback is complete and it appears to have unfolded in a nice 3 wave pattern which is my preference. Unfortunately the normal entry point @115.72 would leave an enormous stop loss as a result i have moved the entry lower to the middle Fib/old support from June. Should the pair turn in the blue box with good oversold momentum indicators i will buy at market before it reaches the entry point.