EURJPY: Big down move in the horizon?

After gaping down from last week close, price struggle to fill the gap and has been ranging between 119.77-120.43 forming a weekly indecision in the process. With the current Wuhan crisis showing no sign of abating, I am inclined to believe that market is distributing for a strong push downward. Will be looking at the smaller time frame for a SHORT entry.

DISCLAIMER:
Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment advice.
I do not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.