I was looking back 4 years ago to 2002 on the USD/YEN pair.
I noticed basically every time this year, price takes a major hit.
Sometimes 200 pips, sometimes 400-500 pips. Even saw 800 drop!
Is there any explanation on why May-June price takes a serious dip?
Is it the summer and everyone is fed well on the interest and gone on vacation?
Right now, we have cautious/conservative buys now TP at 122.
However, we have quite a few Buylimits set with sells stops going down from 120s to 118s.
Any comments, answers or reference is greatly appreciated!
I noticed basically every time this year, price takes a major hit.
Sometimes 200 pips, sometimes 400-500 pips. Even saw 800 drop!
Is there any explanation on why May-June price takes a serious dip?
Is it the summer and everyone is fed well on the interest and gone on vacation?
Right now, we have cautious/conservative buys now TP at 122.
However, we have quite a few Buylimits set with sells stops going down from 120s to 118s.
Any comments, answers or reference is greatly appreciated!