USD/JPY Could Begin A Correction

USD/JPY picked the scenario where it fell directly after the breakout below the support zones marked by the blue rectangles on the screenshot, with the correction to the upside being insignificant and barely testing the resistance zone after which it fell with over 130 pips.

Despite all that I think that a correction to the upside is possible. These are my reasons why:

-On the H4 time frame the pair reached a support at 110.10.
-The bars that have formed are a signal for a possible move to the upside.
-The volumes of the long positions of the bullish bars above the support are increasing.
-And last but not least, there is a RSI divergence between the last two lows on this time frame.

I think that in case the pair does begin a correction it could reach 113.00 – 113.50.

On the other hand, if USD/JPY continues falling, I think it will aim for 109.50 – 109.00. In that case we should watch out for new, higher lows of the RSI indicator compared to the currency pair – i.e. signs that the divergence is deepening.