Already over $120 on Mt Gox. I say it stays rangebound between $120 - $125 on Mt Gox (which I don't really follow or care that much about).

Bitstamp on the other hand, has been hanging around $112 the past few days. It hovered into the $113 range, but I think will remain above $110 for the foreseeable future. There will continue to be support at $110 until the next big move to the upside in the next month or two.