The Gunners weren’t in league action over the weekend due to their Carabao Cup final with Manchester City, but found themselves slipping further off the pace in the battle for the Champions League positions.
‘Unfortunately, I didn’t want to say that [Arsenal will miss out on the top four] but it looks like it,’ Henry told Sky Sports with his old side 10 points behind fourth-placed Tottenham.
‘I think if they ever make it into the top four it’d be amazing.
‘First and foremost they need to beat Man City on Thursday and then close the gap to Chelsea.’
On Sunday Chelsea lost 2-1 at Manchester United while Tottenham beat Crystal Palace 1-0 thanks to a late Harry Kane goal.
Henry believes the final top four position behind Manchester City, Manchester United and Liverpool is between the two London sides. But with both teams in contrasting form, Henry thinks Tottenham are the more likely to claim the final Champions League qualification slot.
‘Chelsea right now, they’ve obviously played Manchester United away, they are playing Man City away so they are having some difficult games at the minute.
‘You would like to think they might go on a run after that. It’s going to be a fight.
‘Four weeks ago I said Chelsea would be challenging for second! Now look at where they are right now! They are in trouble after losing back-to-back games recently, especially at home against Bournemouth.
‘It looks like it’s going to be a battle between Tottenham and Chelsea and the way the two teams are playing right now you will back Tottenham.’
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Henry wasn’t totally committal, conceding Chelsea’s recent tough fixtures are making their form a ‘a little hard to judge’. But simultaneously, the former Arsenal player has been hugely impressed by Tottenham.
‘What impressed me with Tottenham recently is that they made a gap on Arsenal and caught the top three teams by playing against some amazing teams. They drew at Liverpool, they beat Arsenal and United at home, they dealt with Juventus away from home in the Champions League and win almost last minute against Crystal Palace away.’