Good Support/Resistance chart (FOREX)

Heres an AUDJPY daily chart where price has held at 76.00 support many times, now as a rule that I follow, the more price touches and bounces off of a support or resistance level the weaker that level gets. Others think of it differently, they look at it from a different perspective they say that the more prices hold at support or resistance the more obvious that the major players are interested at buying the stock at that level. The way I look at it is different, Every time prices hits a support or resistance level and bounces, participants absorb supply at support and absorb the buying or demand at resistance and the more times it bounces the less likely that demand at support or supply at resistance will be available thus the market will fail to reverse and a breakout will occur.

The AUDJPY is the perfect example to this if it breaks, buyers wont be able to keep on buying at 76.00 and prices will break through and once they break through all those buyers will look to get rid of their holdings thus adding fuel to the fire. This pair could turn around and head for resistance again, anything can happen but the probabilities are in favor of a breakout and especially after so many bounces.