What does your "Drive Signal" look like? The way you have it drawn, if you were able to turn on the mosfet, the low side of your drive signal would be shorted to 120V, which means the high side of your drive signal would have to be even higher than that.
Using an Nch mosfet for high side switching means you need to be able to drive the gate to an even higher voltage than what you're switching. If you don't have a 125+VDC signal available to turn on that mosfet, then you should switch to a Pch.
With a Pch, you would pull the gate high with a resistor to turn it off, and your drive signal would pull the gate low to turn it on. If your drive can't handle a pin floating at 120v while the gate is off, then you could use a small Nch mosfet to isolate it. The Pch has the gate pulled high and also connected to the Nch drain. The Nch gate is pulled low and is also connected to the drive. If the drive is low, the Nch is off, the Pch gate gets pulled high, and is off. If the drive is high, the Nch is on, the Pch gate gets pulled low, and the Pch turns on.