The Spaniard has received criticism for the tactics he employed in the sides' Champions League meeting on Wednesday, which the Blancos won 1-0 despite the Bavarians enjoying plenty of possession.
Ex-Barcelona boss Guardiola has already secured the Bundesliga crown in his first season at Bayern and Ancelotti cannot understand the vitriol regarding his opposite number's style, though is keen to focus on Saturday's clash with Osasuna.
"I like Guardiola's style of play. He introduced new ideas with a clear style in football. He has a clear identity," Ancelotti told reporters.
"I like Pep's style a lot," the Italian told reporters. "He has brought new ideas to football, creating a style at Barca that he is now implementing at Bayern, although there it's a bit more difficult.
"The side has the identity of their coach. He is doing a good job. But we are not focused on the match in Munich yet. Tomorrow's match is very important and it comes first."
Ancelotti has been one of the numerous names linked with the vacant seat at Manchester United following David Moyes' sacking, but the former Chelsea manager stressed he has no intention of bailing on the Santiago Bernabeu side."Every year this happens and I say the same thing," he continued. "I'm happy here: I'm lucky enough to be at the world's best club. I respect Man Utd, and what has happened with Moyes, but I'm here."
Ancelotti will take his Madrid side to the Allianz Arena on Tuesday, following Saturday's clash with Osasuna, with a 1-0 lead to defend if they want to reach the final to face either Chelsea or Atletico Madrid.