The match is essentially a playoff for fourth place between the two clubs.
After their 1-1 draw at Liverpool, Davies said, "We played against two of the best teams in the world football [in Liverpool and Manchester City] and to be unbeaten is a good little achievement but the league position will show where we deserve to end up and who we pick up points against isn't really a concern.
"I like to think [we're heading in the right direction]. We have to try to competitive against the best teams. I think we've shown that this year. We've got to up our consistency. We have struggled with that for a while but we've got to take the positives with results against teams like this."
On Thursday evening Tottenham welcome Arsenal in what will be one of the biggest north London derbies in recent memory with the Gunners now four points ahead of their hosts, who need to win to put pressure on their visitors' final two matches. It will be played for the first time in front of a sold out Tottenham Hotspur Stadium.
"It's a massive game. It's been building up to this for a while. Even since it got postponed, we've been looking at when this game would come because we knew it would be important in the context of the season," said Davies.
"Look for us now, Thursday's huge. We know what we have to do going into it and there's no hiding from that. We have to go out and try to put in a similar performance as we did today.
"We have to do whatever we can control. They've been on a fantastic run, you can't hide from that, but there's a lot of pressure on them to keep it up and do it in the remaining games. For us, we have to control what we can and try to win the game, try to win our remaining games. It's not in our hands but we'll see what happens."
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