As I see it, if we break below and close below 123.45 on the 30 minute or 1 hr time frame, then our next port-o-call is 123.00 or 122.50ish. It could even go as low as 122.20is. But take caution of the USA unemployment claims coming in about 20 mins from now. This beast is very, very bearish this week.
Just my suggestion, I am not an expert. I work a full time job as a mechanic.