122:1 To thee have I lifted up my eyes, who dwellest in heaven.
122:2 Behold as the eyes of servants are on the hands of their masters, As the eyes of the handmaid are on the hands of her mistress: so are our eyes unto the Lord our God, until he have mercy on us.
122:3 Have mercy on us, O Lord, have mercy on us: for we are greatly filled with contempt.
122:4 For our soul is greatly filled: we are a reproach to the rich, and contempt to the proud.
The verse centers on "mercy", "thee", "lifted", "eyes", "dwellest", "heaven", "behold", and "servants". It is saying that the verse draws attention to "mercy" and "thee", so its meaning should be read from those terms before moving to application.
The local DRB text gives this verse as the immediate unit, so "mercy" and "thee" carries the first interpretive weight. In Psalms context, the local focus is worship, trust, the LORD's kingship, and covenant mercy.
A plain takeaway is to answer the verse's own emphasis on "mercy" and "thee" with trust shaped by these words, not by a vague optimism outside the passage.