Hodgson was at Craven Cottage for the 2-0 victory over Derby County in the promotion play-off semi final second leg.
He said: “I think they are the two clubs that deserve to be there, for different reasons.
“Jokanovic has done such a fantastic job in nurturing these youngsters, and nurturing the style of play, which is quite a bold, brave style of play in some ways.
“We are used to be being told that you can't play your way out of that league and you have to play simplistic football to get out of it, but Fulham have shown that is simply not true, because they are right up there.
“I think it will be a fantastic contest, and it is nice that it is the third and fourth team trying to get that one place, rather than a fifth or sixth placed team. There is something in me that it rails against to see a team in sixth place getting promoted, when the team in third doesn't."