Any further bullishness can be seen only above that level.
On the lower side minor support are at 123.20 and any break below will drag the pair further down till 122.90/122.40.
The pair's resistance is at 124.20 and above that will take the pair to next level at 124.50/125.
Indicators (1 hour chart)
it is good to sell on rallies around 123.60-65 with SL around 124.20 for the TP of 122.90/122.45