My guard is both hands at around cheek level and when I'm going for body shots I change it to the Miguel Cotto type guard
My right hand i always keep glued to my face to block any left hooks. The left depends on my opponent: if he's shorter than me, then i usually extend it a little bit, to block, parry or throw a jab. If he's taller, then i usually adopt a tight guard with more upper body movement to come in and throw punches. I am trying to keep my left hand up more though. I'm decent at blocking right hands with my shoulder (combined with a little rolling), but i'd like to keep my left up there more, just for safety.