diff --git a/gradle.properties b/gradle.properties
index e72a4e9..95dca75 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -21,8 +21,8 @@ org.gradle.jvmargs='-Dfile.encoding=UTF-8'
 org.gradle.workers.max=3
 
 # Observe Modules
-observeVersion=1.1.0
-observeInternalVersion=1.1.0
+observeVersion=1.2.3-20240404-122400-39ee77d
+observeInternalVersion=1.2.2-20240404-122400-22ed15c
 
 # Ballerina Module Dependency Versions
 stdlibHttpVersion=2.10.13-20240327-141300-ecd1355