The pair has broken this level and declined till 122.62 and is currently trading around 122.75
Intraday trend is positive as long as resistance 123.20 holds.
Any break above 123.20 will take the pair to new level 123.75/124.15.
On the downside support is at 122.48 and break below targets 122/121.50.
It is good to sell on rallies around 122.85-90 with SL around 123.21 for the TP of 122/121.50.