Don't know if you're playing on console nor if this has already been ported or not, but there's an add-on called PreviousQuest that does half of what you want. It doesn't cycle only within the zone you are in, but it lets you bind a SHIFT + T (or anything else you'd like) to go backwards the list of quests.

@magnusthorek I'm on PC NA, I'll definitely check that addon out ty

@aylish Correct, but if you have a near full quest log from various zones that's a lot of spamming T to cycle through quest for the zone you're in, plus there's not really any indication of which zone the quest you have tracked is in unless you go look at your quest log which kind of defeats the purpose of cycling. The idea of the suggestion is that I could press Shift + T and my quest would immediately cycle to the zone I am in and continue to cycle the quest for that zone. If I don't have any quest for that zone then a quick message in the top corner could just say "No trackable quest for this zone" or something to that effect to let players know they dont have any quest for that zone.