Keyboard shortcut to change tabs in terminal not working anymore in yosemite

I've set up a custom shortcut for Terminal to change tabs: cmd+option+left/right (the same as in most browsers, for convenience).

I did this by going to System Preferences > Keyboard > Shortcuts > App Shortcuts and adding it to Terminal as shortcuts for "Select Next Tab" and "Select Previous Tab". It worked perfectly.

Two days ago, I've upgraded to OS X Yosemite and now it's not working anymore. When I browse to the same location in System Preferences, it's configured. But it doesn't work.

How do I fix this, and more importantly, why is this happening?

Solution 1:

The menu option Select Previous Tab is changed to Show Previous Tab and there is by default key shortcut for it

⌘ + ⇧ + } Show Next Tab

⌘ + ⇧ + { Show Previous Tab

Solution 2:

It appears Apple renamed Terminal menus from Select Next Tab to Show Next Tab. Same for Previous. If you just rename the menu titles in your Keyboard Shortcuts accordingly, your shortcuts should start working again.