The fact that $F(x,y)=1$ has three roots does not mean one cannot select continuous and differentiable $f(x)$ out of the three roots such that $F(x,f(x))=1$.
However, it looks like your $f(x)$ does not exist. The two figures below plot roots of $F(x,y)=1$.

The second figure shows what is easy to show analytically, that for $x=0$, there is only one root $F(0,y)=1$ and the root is strictly positive. Also, there is no $x$ such that $F(x,0)=1$, which again can be show formally. Hence if your $f(x)$ exists, then $f(x)>0$ for any $x$ by continuity of $f$. But the second figure shows that such $f(x)$ does not exist.
Update (more formal but still incomplete argument): Solving $F(x,y)=1$ for $x$ gives $x=-\frac{1}{2}-\frac{9y^2}{2^{\frac{2}{3}}D^{\frac{1}{3}}}+\frac{D^{\frac{1}{3}}}{6\cdot2^{\frac{1}{3}}y^2}$, where $D=108y^4-432y^5+270y^6-108y^7+\sqrt{78732y^{12}+(108y^4-432y^5+270y^6-108y^7)^2}$ and two other roots.
Now suppose you prove that the root given is the only real root. I argued above that $f(x)>0$ for any $x$ for your $f$ if it exists. In terms of the root for $x$, this implies that the root above has to be monotone in $y$ over $\mathbb{R}_{++}$. And it is not (might be provable analytically).
So the last missing bit is to argue that the root above is the only real root. There is no root if $y=0$. Using Descarte's rule of signs, I was able to prove that there is i) one positive root for $y<0$, ii) one positive root for $y>0$ when $y^3+4y-1<0$, iii) no positive root for $y>0$ when $y^3-4y-1>0$. For negative roots the Descarte's rule of signs does not help and I suggest checking this book, especially section 1.4, section 1.4.2 in particular.